Lee & Associates Investment Services Group Negotiates Industrial Sale in Banning

BANNING, Calif. - Aug. 21, 2015 - PRLog -- The I-10 Commerce Center, a 115,773-square-foot industrial property located at 1143 and 1147 W. Lincoln in Banning, was sold for $6.6 million.

         Herrik Johnson of Lee & Associates Riverside and Mark Larson of Lee & Associates Investment Services Group (ISG) represented the seller, WLA Investments.

         “The I-10 Commerce Center is in a key trade area along I-10 in the Riverside industrial submarket between Beaumont and Palm Springs,” said Larson, vice chairman of ISG. “Its outstanding location is highlighted by having easy access to Interstate I-10 as well as the I-215, 91 and 60 Freeways.”

         The Class B multi-tenant industrial park, which consist of three buildings and is 100% occupied, encompasses approximately 115,773 total square feet in three buildings. The property contains more than 5.45 acres of land and has an abundance of convenient surface parking, consisting of approximately 160 surface spaces.

         The buyer, AF Trust, was represented by Eric Strauss of American West Properties and Greg Ozimec of Industrial Brokers.

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Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, and Wisconsin. With more than 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates, visit lee-associates.com (http://www.lee-associates.com/) or follow us on Facebook (https://www.facebook.com/LeeAssociatesCRE), LinkedIn (https://www.linkedin.com/company/lee-and-associates) and Twitter. (https://twitter.com/LeeAssociatesRE)