1468 Davril Circle, Corona
Address: 1468 Davril Circle, Corona
Description: 38,322 sq. ft. industrial building
Buyer: Thoro Packaging
Seller: JR Associates
Assignment: Identify expansion alternatives for Corona based printing company, Thoro Packaging. Given the capital investment in the existing facility it was critical that the facility be located in close proximity to their existing operations.
Result: Negotiated the purchase of an adjacent building thus enabling Thoro Packaging to double their production capabilities with no relocation expense. Also, assisting the Buyer in structuring a new financing package which included refinancing of their existing building and utilizing the proceeds along with new loan proceeds for the acquisition of the new building enabling them to acquire the building with virtually no pocket expense.
Total Value of the Transaction: $5,210,148