IE Business Daily Business news for the Inland Empire.
A 26,000-square-foot manufacturing facility in Corona has been sold for $8.4 million.
The building at 2900 Palisades Ave. is used for making electrical components, according to Voit Real Estate Services.
Vernick represented the buyer, LBGD Investment Group, LLC. The seller was Jon R Gerwin and Kathryn Gerwin.
Multiple offers were submitted, said Mike Vernick, senior vice president with Voit.
“This was a good example of how appropriately priced, high-quality industrial assets are generating substantial buyer interest, even in today’s more cautious real estate environment,” Vernick said in the statement.
