IE Business Daily Business news for the Inland Empire.
A four-building industrial portfolio that covers three Inland Empire cities has been sold for $201 million.
Boston-based Cabot Properties bought each of the structures, which combined cover 669,000 square feet, from a private seller whose name was not released, according to a statement.
All four buildings are fully occupied. Combined, the tenants have an average of three and a half years remaining on their leases.
Two of the buildings are in Ontario, including the largest, a 267,300-square-foot structure at 1670 Champagne Ave. The second Ontario building, at 1651 S. Carlos Avenue, covers 147,500 square feet.
The remaining structures are in Fontana and San Bernardino. The Fontana building, at 10917 Cherry Ave., covers 103,300 square feet, while the San Bernardino building at 750 S. Valley View Ave., totals 154,600 square feet.
Colliers’ West Industrial Capital Markets Team marketed the buildings, which made up one of the largest portfolio sales in the Inland Empire during the past five years, according to the statement.
