DAUM Commercial Real Estate Services announced today that it represented the buyer in the acquisition of a 16,131 square foot freestanding industrial building in Corona, CA. The property is located at 392 N. Smith Avenue and sits on approximately 0.93-acres of land. The building was completed in 1989, and offers approximately 1,000 square feet of office, 18′ clearance height, two (2) grade level loading positions, and a parking ratio of 2.82 per 1,000 square feet. The total consideration of the sale was $2,255,000 ($140 PSF).

Chris Migliori of DAUM’s Orange County office represented the buyer, while James Bangar of Berkshire Hathaway to Coast represented the seller in the transaction.

DAUM Commercial Real Estate Services provides a full array of commercial real estate services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management. Founded in 1904, DAUM is California’s oldest and most experienced commercial real estate brokerage company. DAUM has 10 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network. More information is available at www.oncorintl.com.