Gifford Business Park, San Bernardino

February 9, 2017

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