Gifford Business Park, San Bernardino
Address: Gifford Business Park, 750-760 E. Central Avenue & 765-791 S. Gifford Avenue, San Bernardino
Description: 156,937 sq. ft. industrial business park
Buyer: Wilson Property Services, Inc.
Seller: Gifford Business Park, LLC
Assignment: Develop and implement an investment sale marketing program for the disposition of a multi-tenant industrial business park which was only 82% occupied at the time of sale and had numerous deferred maintenance issues.
Result: Procured nine offers to purchase and ultimately sold to an out-of-state value-add investor who closed escrow within 45 days of opening.
Total Value of the Transaction: $8,150,000