California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Rancho Cucamonga Industrial Park Trades Hands for Nearly $22M
Pasadena-based Teamrise International acquired Arrow Business Park, a 138,081-square-foot multi-tenant industrial park in Rancho Cucamonga, CA, for $21.5 million. The seller was Newport Beach-based Focus Real Estate Services, LLC.
The seller had implemented an aggressive renovation and marketing plan, which stabilized rents and occupancy, adding value to the property at 9007-9087 Arrow Route. With rent growth projected to continue and a low market vacancy, the project is well positioned to provide the buyer excellent returns well into the future.
The buyer was represented by KMBJ, Inc. Voit Real Estate Services’ Juan Gutierrez and Mike Bouma directed the investment transaction on behalf the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


