$4.35 Million Industrial Property Acquisition in Chino, CA
SharpLine Commercial Partners Completes $4.35 Million Industrial Property Acquisition in Chino, CA
Chino, CA – SharpLine Commercial Partners, a full-service boutique commercial real estate brokerage firm, has completed the $4.35 million acquisition of a 23,285-square-foot industrial building located on 1.84 acres at 15142 Vista Del Rio Avenue in Chino, CA (Los Angeles County).
SharpLine’s Vice President Kevin Herron represented the buyer, CMI Holdings, LLC. The seller, a family trust, was represented by Lee & Associates.
The facility features approximately 6,300 square feet of office space, three ground-level doors, and a large fenced yard.
“The buyer plans to occupy the property for its business once the existing lease with the current tenant expires in mid-2020,” said Herron. “The industrial market is very tight in the Los Angeles County area and similar buildings near this asset that are currently on the market are being priced much higher as demand outpaces supply.”
About SharpLine Commercial Partners
SharpLine Commercial Partners is a full-service commercial real estate brokerage firm that executes transactions throughout the United States. SharpLine’s experienced professionals have built solid reputations for putting their clients’ needs first. This is done through creating effective, results-driven strategies aimed to save clients time and money in order to positively influence their bottom line and meet their investment goals. Sharplinecp.com
