Avison Young Ontario has completed the sale of a 22,547-square-foot industrial building in Corona.
The structure, at 1160 California Ave., sold for $3.98 million, according to a statement.
The seller was a private party whose name was not released. The buyer was Sierra Way Industrial Partners LLC, a Redlands investment group.
Built in 1990, the building sits on 1.1 acres. It has good freeway access and 2,400 square feet of office space.
The new owner plans to lease the building once the current tenant vacates. Lee & Associates will be in charge of finding tenants, according to the statement.
Avison Young is based in Toronto. It is owned and operated by its principals and has more than 100 offices worldwide, according to the statement.