CBRE Brokers $20.5M Sale of Azusa Industrial Property

JAR Commercial Investments, LLC has purchased the Azusa Center, a two-building, 75,000-square-foot industrial property in Azusa, CA. CBRE represented the seller, San Diego-based real estate investment firm SENTRE, in the $20.5 million transaction.

The CBRE team of Michael Longo, Barbara Perrier, Anthony DeLorenzo, Mark Shaffer, Darla Longo, Rebecca Perlmutter, Brett Hartzell, Joe Cesta, Paige Morgan, Eric Cox, Lynn Knox and Case Dahlen brokered the deal. “The sale of Azusa Center is indicative of the strong investor demand for high-quality industrial real estate in Southern California. With access to over 7.6 million people within 25 miles, this site represents a truly unique core investment opportunity,” said Longo.

Azusa Center is located on N. Aerojet Avenue, near Interstates 210, 10 and 605 and was fully leased at the time of sale. The two buildings feature 22’ to 26’ clear heights, concrete tilt-up construction, ESFR sprinklers, three dock-high doors and four ground-level doors.