Lee & Associates Records 28,523 SF Corona Industrial Sale

CORONA, Calif.

Rudolph International, Inc., purchased a freestanding industrial building in West Corona for $153 SF. The building is conveniently located less than a mile off the 91 freeway and the Auto Center Dr. exit. The buyer was represented by Luke Hudson of Lee & Associates Orange. The seller, Cook Railroad Street, LLC, was represented by Tom Williams of Windsor Investments, Inc.

“Rudolph International just closed on their downleg and needed to identify viable properties to satisfy their 1031 exchange. The market is extremely limited with supply and quality real estate is tough to find. Fortunately, we were able to get creative with financing as the existing tenant of this property had just a few months left on their lease. This building can draw manufacturers with the ample power as well as distributors with the loading docks and clear height. We’re optimistic we can lease this building in a timely manner, ” said Hudson.

 

About Lee & Associates

Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.