CBRE arranged the $86-million sale of Serrano Industrial Park, a three-building industrial park totaling 332,725 square feet in Jurupa Valley, to Miramar Capital. CBRE National Partners’ Joe Cesta and Darla Longo, along with Erik Wanland, represented the seller, PreZero.
“Serrano Industrial Park offers a unique investment opportunity with buildings that meet the current leasing demand and provide above-standard power in the vibrant Inland Empire,” said Cesta. “Despite broader challenges in the Inland Empire industrial market, demand remains for facilities that can support manufacturing tenants requiring heavy power.”
Located at 4350, 4388 and 4420 Serrano Dr., the three Class A, institutional quality manufacturing buildings feature 28 dock-high and three grade-level doors, 30–32-foot clear heights, heavy power and fully secure concrete truck courts…