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INDIO, CALIF. — CBRE has brokered the sale of a 46,220-square-foot industrial building located at 82309 Market St. in Indio. A Los Angeles-based 1031 exchange buyer acquired the asset from an undisclosed seller for $7.2 million. Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Wes Jones of CBRE represented the seller in the deal.
Situated on 2.1 acres, the building includes 38,120 square feet of warehouse space and 8,100 square feet of office space. The warehouse portion of the property features 20-foot to 24-foot clear heights, four grade-level doors, two dock-high doors and a fully fenced, gated concrete tuck court. The current tenant recently renewed its lease at the property.