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TA Realty pays $133m for two Inland Empire warehouses
Transactions - SEPTEMBER 28, 2022

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TA Realty pays $133m for two Inland Empire warehouses

by Released

TA Realty has acquired the industrial buildings at 120 Puente Ave. in the City of Industry in Los Angeles County and at 451 Cota St. in Corona, a city in Riverside County, Calif., for $133.5 million from JCS Properties.

The Industry property, with 253,670 square feet, sold for $92 million and offers several class A amenities, including refrigeration rooms in the warehouse and a third-story office space with a training room, full kitchen and bar area for clients and employees. It is currently 100 percent occupied.

The Corona warehouse, with 140,276 square feet, sold for $41.5 million and features a larger-than-normal truck court along with 11 dock doors, three drive-in bays, and 160 standard parking spaces. The two-tenant building was 43 percent occupied at the close of escrow. Within the last 365 days in Corona, there have been 160 commercial real estate transactions. The average size was 20,000 square feet, while the average sale price landed at $293 per square foot.

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