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Follow on Google News | BH Properties Acquires a Portion of an Industrial Property Park for $1.57 MillionThe 32,602 SF complex is located in Cathedral City in Riverside County, Calif.
“This property was a perfect fit in our investment strategy, because of its prime location in Riverside County and Coachella Valley,” said Steve Jaffe, executive vice president of BH Properties. “While the complex is in fairly good condition already, we plan to make some improvements and will be prepared to market the property for the new year.” Currently, the property is 35 percent leased and includes a well-known regional taxi company and a window cleaning product distributor. The building is just off Highway 111 in the Riverside/Coachella Valley region. Since January, BH Properties has been active in the Southern California region, with recent acquisitions totaling 199,440-square- BH Properties purchased the property through Auction.com. End
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