The Praedium Group LLC, a New York City-based national real estate investment company, sold the 257,400-square-foot Arrow Business Park in Rancho Cucamonga, Calif.
The value of the transaction was approximately $12.3 million.
The property comprises two large warehouse/distribution properties located at 9000-9100 Ninth Street and situated on 13 acres.
Aurora, Colo.-based ProLogis was the buyer.
At the time of sale, the property was 100 percent occupied.
Pat Scruggs and Gary Stache of CB Richard Ellis represented both the seller and the buyer.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!