Oxford Properties Divests Riverside Light Industrial Portfolio

JLL Capital Markets arranged the sale of a light industrial portfolio comprising four assets totaling 238,473 square feet in Riverside. Senior managing director Patrick Nally, senior director Ryan Spradling and associate Shae Vomund represented the seller, Oxford Properties.

Sierra Ridge Capital acquired the assets with Pacific Properties Group of Los Angeles providing the equity. Working on behalf of the new owner, a JLL Capital Markets Debt Advisory team led by senior managing director Jeff Sause, analyst Danny Ryan and analyst Jenny Barger arranged a $25-million acquisition loan with a correspondent life insurance company.

The portfolio includes two distinct property types strategically positioned within the Inland Empire market. The collection features 12000 Magnolia Ave., a 132,800-square-foot, 100% leased multi-tenant facility built in 2018 with 30-foot clear heights, and Hunter Business Park at 1110-1130 Palmyrita Ave., comprising 105,673 square feet across 14 suites constructed in 1990 with 18-foot clear heights.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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