Corona Investments Sells Distribution Property in California for $15.3M

CORONA, CALIF. — Voit Real Estate Services has arranged the sale of an industrial facility located at 2395 Railroad St. in Corona. Corona Investments sold the property to Colorado-based EverWest Real Estate Investors for $15.3 million, or $319.62 per square foot.

EverWest Real Estate Investors plans to stabilize the 47,870-square-foot property and hold it as a long-term leased investment.

Constructed in 1988, the concrete tilt-up building features 24-foot minimum warehouse clearance, a 0.33 GPM/3,000 square feet sprinkler system, four grade-level doors, two dock-high loading positions and a secured truck court and yard area.

Michael Hefner of Voit’s Anaheim office represented the seller and buyer in the deal.