Colonial capital sold an industrial portfolio of four properties for $ 105 million Lincoln Property Co. The portfolio is located in the Inland Empire West. It was marketed individually but sold to a buyer due to the strength of the market and individual assets.
The four properties are located at 11600 Millennium Court in Rancho Cucamonga. 8250 Milliken Avenue in Rancho Cucamonga; 4850 East Airport Drive in Ontario and 9160 Buffalo Avenue in Rancho Cucamonga. Together, the four properties total 745,580 square meters and are 100% leased to five tenants, including XT, Green, Carpenter Technology Corp., Pinole Valley Trucking, THMX Holdings and ConAgra Foods.
Darla Longo, Barbara Perrier, Brett Hartzell, Rebecca Mother of Pearl, Eric Cox, Len Santoro, David Consani and Jim Koenig from CBRE represented the seller in the store. The buyer represented himself.