Pinnacle Legacy Railroad Pays $8.8 Million for 76,598-SF Industrial Building in California
PALM DESERT, CA — Pinnacle Legacy Railroad LLC purchased a 76,598 square foot concrete tilt- up industrial building from City of Industry Partners LLC for $8,800,000.
The property, located at 18451-18467 Railroad Street, is currently 100% leased to five Tenants. Canada Pacific Realty Advisors Pat Meaney, Brendan Meaney, and Natalie Smith represented the Buyer, No other Broker was involved. Close of escrow was July 14, 2017.”
Additionally, Indio Square LLC purchased an approximate 45,000 square foot shopping center situated on 5.7 acres at 44075 Jackson Street, Indio. The center is currently 22% occupied. Indio Square LLC will be planning a major upgrade of the shopping center in order to attract new Tenants.
Canada Pacific Realty Advisors Pat Meaney represented both parties. Consideration was $1,692,000. Close of escrow was July 14, 2017. Canada Pacific will be handling the leasing of the property for the new Owners.
CP Realty Advisors, Inc. is a full-service real estate brokerage and advisory firm that specializes in all aspects of facility acquisition, disposition and management. CP Realty Advisors has a long and distinguished track record of efficiently solving real estate requirements, locally, nationally, and around the world.
CP Realty Advisors understands the unique needs of the real estate acquisition and disposition process. Our founding partners have over 65 years of combined real estate experience and can provide you with a solution based approach customized to meet your objectives.
Pat Meaney states, “We understand that real estate can be your single biggest investment, and even more important, affects and influences your company’s culture and employees’ effectiveness. CP Realty Advisors can help you make informed real estate decisions that can help drive your business forward.
“Our extensive experience lends trusted expertise and insight to opportunities, investments, and property portfolio management. We’re dedicated to finding the right opportunities and eager to use our expertise to your advantage.”
Meaney adds, “Our dedication and deep experience allows us to focus on a single goal — our clients success.”
For a complete copy of the company’s news release, please contact:
Canada Pacific Realty Advisors
CP Realty Advisors, Inc.
42215 Washington St. Suite A373
Palm Desert, CA 92211
CA License #02033601
Offices in Palm Desert, CA and Los Angeles, CA