345 Cessna Circle, Corona
February 9, 2017
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
