Colliers has brokered the sale of 14055 Laurelwood Place, a 52,000-square-foot warehouse property in Chino, CA. An undisclosed buyer purchased the facility from investment firm Cohen Asset Management for $15.26 million.

Colliers’ Andrey Mindirgasov and Christoper Smith co-brokered the deal with Northmarq’s Peter Hauser, representing the private buyer who purchased the property as part of a 1031 exchange.

“With demand for industrial space in the Inland Empire and its surrounding submarkets at an all-time high, the Laurelwood property presented a rare opportunity,” said Smith in a news release.

Situated on 2-acres, 14055 Laurelwood features 3,200 square feet of ground-level office space, 20’ clearance height, four dock-high doors, two truck wells, ample parking stalls and a private secured yard on two sides. The facility also offers proximity to the SR 71 and 60 freeways, with easy connectivity to the Greater Los Angeles region and Ontario International Airport.