Lee & Associates – Ontario | $15.8 Million Industrial Sale in Palm Springs, CA

January 11, 2021 (Ontario, CA) – Lee & Associates, a nationwide leader in commercial real estate services, announces the sale of a $15.8 Million investment sale of a ±150,560 square foot distribution facility at 411 W Garnet Avenue in Palm Springs, California.

The Carney Palm Springs sold the distribution facility to Transition Properties LP, represented by Barret Woods of Lee’s Ontario Office. This single tenant warehouse was leased to FedEx Ground on a 10-year net lease with 5-years remaining and two five-year options to renew. Some of the building amenities include: 30’ clear height, 36 dock high doors, 6 drive in doors, 42 trailer parking and a fenced and paved yard situated on ±22.61 acres.