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Westcore Nabs 367K-SF Vacant Industrial Building for $31M
San Diego-based Westcore Properties acquired a 366,700-square-foot vacant industrial building in Moreno Valley from Aliso Viejo, CA-based The J.W. Mitchell Co for $30.7 million. The recently-constructed building is located at 22705 Newhope St.
Developed in 2015, the property is ideally suited for a single tenant, but can be divided into two suites, ranging in size from roughly 140,000 to 200,000 square feet. The building features 32-foot minimum clear height, 48 dock-high doors, ESFR sprinklers, three percent vented skylights, 3,000 amps of available power and 2,000 square feet of existing office. Car charging stations, roof-mounted solar panels and drought-tolerant landscaping helped qualify the building for a LEED rating.
CBRE’s Michael Kendall and Gerry Harvey, along with Kidder Mathews’ David Burback represented the buyer. Voit Real Estate Services’ Bob Woods represented the seller in the off-market transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


