Archicenter Business Park
Address: 9375 Archibald Ave., Rancho Cucamonga
Description: 62,677 Sq. Ft. Multi-Tenant Business Park
Buyer: NSY Family Trust
Seller: Rexford Industrial
Assignment: Develop and implement a marketing program for the disposition of a multi-tenant industrial and office project on behalf of Rexford Industrial, a publically traded Real Estate Investment Trust.
Result: After an extensive marketing effort, identified a private 1031 Exchange buyer who closed escrow in 30 days. The Hefner Vernick Team represented both the Buyer and Seller in the transaction.
Total Value of the Transaction: $6,875,000