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building sold

West end industrial building sold

A 49,600-square-foot industrial building in Corona has been sold for $15.9 million.

The building, at 1141 California Ave., was purchased last year for an undisclosed sum by PPVS Properties LLC in Castro Valley, according to a statement.
PPVS Properties then renovated the freestanding building, which sits on 2.5-plus acres and has about 2,200 square feet of office space, for possible sale or lease.

Daum Commercial Real Estate Services represented the seller in the transaction, while Colliers represented the buyer, who will use the building to expand his floor business.

No further information about either party was released. The structure, which is near Interstate 15 and Ontario International Airport, was built in 1988.

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