REBusinessOnline

Calavo Growers Sells Industrial Property in Southern California for $7.1M

28410-Vincent-Moraga-Dr-Temecula-CA

Calavo Growers occupies a 30,000-square-foot portion of 64,678-square-foot industrial property in Temecula, Calif.

TEMECULA, CALIF. — Calavo Growers, an international farm products company known for its distribution of avocados, has completed the sale of an industrial property located at 28410 Vincent Moraga Drive in Temecula. Stos Partners acquired the asset for $7.1 million.

Calavo Growers has occupied the 64,678-square-foot industrial property since 1985. The building features an open warehouse, refrigerated cooler space, large yard space, excess land, dock loading, heavy power and 125 parking spaces. Calavo primarily uses the building as an avocado packing plant and will continue its operations under a new long-term, 30,000-square-foot lease in Suite B of the building.

Rob Gunness and Kevin Kelly of CBRE represented the seller in the transaction.

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