IE Business Daily Business news for the Inland Empire.
A three-building industrial park in Jurupa Valley has been sold.
Miramar Capital, a commercial real estate investment firm in Los Angeles, paid $86 million for the property at 4350, 4388 and 4420 Serrano Drive, according to CBRE.
CBRE represented the seller, PreZero Recycling, in the transaction.
“Serrano Industrial Park offers a unique investment opportunity, with buildings that meet the current leasing demand and provide above-standard power in the Inland Empire,” said Joe Cesta, executive vice president at CBRE, in a statement. “Despite broader challenges in the Inland Empire industrial market, demand remains for facilities that can support manufacturing tenants requiring heavy power.”
