Avison Young Brokers $8.9M Sale of Lemon Street Industrial Center in Inland Empire
HESPERIA, CALIF. — Avison Young has brokered the sale of Lemon Street Industrial Center, a multi-tenant industrial business park located at 17229 Lemon St. in Hesperia. Arcadia, Calif.-based Positive Investments sold the property to Los Angeles-based Gofermor LLC for $8.9 million.
Built in 1986 on 11 acres, the six-building property totally 102,400 square feet of industrial space, which 17 tenants fully occupy. The asset features 20-foot clear heights, 200 parking spaces, 23 percent office build-out space and prominent monument signage. The business park is located within the High Desert submarket of the Inland Empire.
Al Pekarcik and Chris Smith of Avison Young’s Irvine, Calif., office represented the seller in the transaction.