66,850-SQUARE-FOOT INDUSTRIAL PROPERTY TRADES HANDS FOR $20.4 MILLION

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REDLANDS, CALIF. — A private investor has acquired a 266,850-square-foot industrial property in Redlands from Oakmont Redlands Palmetto Ave. LLC for $20.4 million. The Class A property is located at 26940 Palmetto Ave. and offers proximity to the San Bernardino International Airport. Features include new concrete tilt-up construction, 2,800 square feet of expandable office space, an ESFR Sprinkler System, 49 dock-high loading doors and 32-foot ceilings. Clyde Stauff and Stephen Calhoun of Colliers International represented the buyer, and Cushman & Wakefield represented the seller in the transaction.

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