Le Investment Group recently completed the sale of a premier industrial portfolio located at 1660-1880 Iowa Ave. in Riverside on behalf of the seller. The portfolio, which consists of 203,939 square feet, was sold for $36,560,000 at a rate of $179.27 per square foot.
The identities of both buyer and seller have not been disclosed by Le Investment Group. The industrial properties within the portfolio are well-suited for various types of industrial use and boast high-quality features.
Anthony Le, managing partner at Le Investment Group stated: “We are pleased to have successfully facilitated this transaction and achieved an outstanding outcome for our client.” He also added that this sale is a testament to their commitment towards delivering exceptional results and navigating through complexities in the commercial real estate market.
This news was originally reported on Connect CRE.
