REBusinessOnline

EverWest Acquires Magnolia Point Industrial Asset in Inland Empire for $37M

1560-E-Sixth-St-Corona-CA

Amrapur Overseas occupies the entire 210,345-square-foot industrial facility located at 1560 E. Sixth St. in Corona, Calif.

CORONA, CALIF. — Denver-based EverWest Real Estate Investors has completed the $37 million sale-leaseback acquisition of Magnolia Point, a Class A industrial facility in Corona.

Located at 1560 E. Sixth St., the 210,345-square-foot building features 32-foot clear heights, 21 dock-high doors, two ground-level doors, a 150-foot truck court and more than 27,300 square feet of office space. Amrapur Overseas occupies the entire warehouse/distribution building, which was constructed in 2014.

Richard Schwartz, Joey Reaume and Tommy Gilmore of Colliers International represented the buyer, while Jim deRegt of Lee & Associates represented the seller in the transaction.

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