DAUM Commercial Real Estate Services announced today that it represented the buyer in the acquisition of a 37,889 square foot industrial/flex building in an Unincorporated Area of Riverside, CA. The property is located at 12620 Magnolia Avenue and sits on approximately 3.2-acres of land. The main building offers approximately 18,796 square feet of office space, 24’ clearance, one (1) dock high and two (2) grade level loading doors. The property also offers a maintenance building which is 3,603 square feet with 508 square feet of office and six (6) ground level doors. The maintenance building also has a 14’ clearance and vehicle wash with clarifier. The total consideration of the sale was $5,287,000 ($139.54 PSF).

Chris Migliori of DAUM’s Orange County office represented the buyer, Carlwyn LLC, while Gerald Harvey and Tom McAllister of CBRE represented the seller, RCR Enterprises, L.P. 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.