Jurupa Valley Business Park Sold for $20M in Joint Venture Deal

Jurupa Valley Business Park Sold for $20M in Joint Venture Deal

Intersection Equities, LLC and Blue Vista Capital Management, LLC recently joined forces to acquire Riverside Business Park in Jurupa Valley for $19.5 million. The 122,000-square-foot industrial park provides a unique value-add opportunity with its strategic location west of Denver. Eric DeWees, Senior Director of Acquisitions at Intersection noted that they purchased the property at a substantial discount to replacement cost and plan on making capital improvements focused on increasing appeal for current and prospective tenants alike.
Barret Woods from Lee & Associates represented the seller Transition Properties L.P., while Stefan Pastor from Stream Realty acted as representative for Intersection and Blue Vista during negotiations

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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