Spruce Tree Business Park
Address: 2050 E. La Cadena Drive, 2222 Kansas Ave., Riverside
Description: 39,054 Sq. Ft. Multi-Tenant Business Park
Buyer: WOHL Investment Company
Seller: BRB Hayden Loop
Assignment: Develop and implement a marketing plan for the disposition of a multi-tenant industrial project located in Riverside County on behalf of a locally based private investor.
Result: Generated multiple offers and ultimately identified an Exchange Buyer who closed on an all cash basis. The Hefner Team represented both parties in the sale. The transaction was also structured with two extension options for the benefit of the Seller, which enabled the Seller to identify an up leg exchange property prior to the Close of Escrow.
Total Value of the Transaction: $4,040,000.00