345 Cessna Circle, Corona

June 17, 2019

Address:  345 Cessna Circle Corona

Description:  113,050 sq. ft. State-of-the-Art manufacturing/distribution building

Lessee:  Arnold Engineering

Lessor:  Rexco Development Company

Assignment:  Evaluate existing manufacturing needs and further growth requirements for an aerospace manufacturing company.

Result:  Identified a planned building and negotiated a ten-year lease with option to purchase.  The building included approximately 10,000 sq. ft. of office area and extensive power upgrades.  A portion of the building was subleased to Exide Technologies for five years, providing Arnold Engineering both income with future expansion space.

Total Value of the Transaction:  $2,592,333