California + Inland Empire + Industrial | February 24, 2023

DAUM Directs $9M Sale of Moreno Valley Development Site

DAUM Commercial Real Estate Services has directed the sale of a 15.6-acre land parcel in Moreno Valley, CA. Canadian investor and developer Windsor Exchange purchased the development site from NALA Properties for $9.1 million.

“Our client had a prime, central Inland Empire location that presented the potential to be developed for a wide variety of uses,” said DAUM VP Chris Jaramillo, who represented the seller along with the firm’s Darrell Hale. “Leveraging our market knowledge and local partnerships, we were able to secure a significant profit with a transaction that was advantageous to all parties.”

The land parcel is located at Redlands Avenue and Eucalyptus, adjacent to State Route 60 and near Interstates 10 and 215, and in an area that is desirable for future industrial development. According to DAUM, Moreno Valley boasts one of the lowest industrial vacancy rates in the Inland Empire at 0.34%, second only to San Bernardino.

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Inside The Story

DAUM's Chris Jaramillo

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.