CORONA, Calif.—December 17, 2007—Team Earnhart (Paul Earnhart, SIOR, Doug Earnhart, SIOR and Erik Hernandez) of Lee & Associates’ Ontario office together with Larry Null, SIOR, in Lee’s Riverside office, completed a 207,418-square-foot industrial building sale valued in excess of $21.5 million. Built in 1997, the facility is located at 395 Smitty Way in Corona, Calif.
Team Earnhart and Null represented the seller, Cusumano/Smitty Way, LLC. The buyer, Fleetwood Aluminum Products, Inc, was represented by Walter Frome of Voit Commercial. Fleetwood Aluminum Products, Inc. is one of the top window manufacturers in the United States offering the largest variety of aluminum fenestration products.
According to Null, the buyer was looking for a 200,000-square-foot facility in Corona that was suitable for manufacturing its product line. Fleetwood consolidated its fours smaller manufacturing facilities and will occupy the entire building on Smitty Way.
“It is rare to find buildings this size located in Corona, which is considered one of the strongest industrial markets in Southern California,†said Null. “Since the previous owner/tenant was a manufacturing company called Smittybilt, this particular building was a perfect match for Fleetwood since it needed ground-level loading for forklifts, high electrical service, 10,000-square-feet of office space and an outside storage area.â€
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