John Griffin and John Harty of Voit’s Irvine office worked with Rob Socci and Peter Castleton of Voit’s Anaheim office to represent the seller, Corona Summit LLC, in the transaction.
“This sale is representative of the ongoing strength of investor interest in the Inland Empire market,” said Griffin. “We knew that this vacant property presented an excellent value-add opportunity for investors, and we launched an extensive marketing campaign which resulted in more than 25 offers. The competition amongst potential buyers allowed us to secure favorable terms for our client, while negotiating a deal that was beneficial to both parties.”
The buyer, Latham Management and Consulting, plans to occupy a portion of the property and lease out the remaining space.
The property is located adjacent the 91 Freeway at McKinley Street in the City of Corona.