Senior Vice Presidents John Bosko and Bob Bush, with NAI Capital represented the seller, Trinity Properties & Investments, in the investment sale of a 73,875 square foot warehouse/distribution facility in Corona, Calif. The buyer was LBA Realty. The sale price was $9,200,000 or $124.53 per square foot. The reported cap rate was 5.27%.

575 Alcoa Circle is a freestanding state-of-the-art, multi-tenant warehouse/distribution building, located within the Alcoa Business Park. Built in 2002, this concrete-tilt-up building provides 30’ clear height, 6 dock high loading doors, a 3,500 square foot office, and a great corner location at Alcoa Circle and W Rincon Street between the 91 and 15 freeways. The property was fully leased at the time of the sale.

Bosko said, “Through an aggressive marketing campaign, we were able to identify multiple offers for our client. This investment property offered tremendous potential for an investor looking for a long term hold. The property is leased out to a very credit worthy tenant with eight years remaining on their lease.”

“The property received tremendous interest from buyers when it came to market and generated multiple offers. Our client is extremely pleased with the outcome of the sale,” said Bush.