Rancho Cucamonga Office Trades for $51M
January 21, 2014

10801 6th St. in Rancho Cucamonga, CA

Inland Empire Health Plan acquired its office building at 10801 6th St. in Rancho Cucamonga, CA for $50.8 million, or about $129 per square foot, from Argus Realty Investors LP. The non-profit, public health plan organization was leasing around 207,307 square feet there before the court-appointed sale.

The property had gone into receivership and was marketed after reaching a 90-percent occupancy level, which presented, "a unique opportunity for the buyer to acquire a large office complex in a prime Inland Empire location," according to Nancy Daniels with Trigild Management Services, Inc. Trigild was the appointed receiver for the sale and will remain on as the property manager for the new owner...

Trigild Management Services, Inc., Cushman & Wakefield, and attorney Fernando Landa with CGS3 facilitated the sale for the seller. Joshua Gorin, Stephen Pisarik, Mark Sullivan and Roi Shleifer with Studley, Inc. represented the buyer.

Rancho Cucamonga Office Trades for $51M

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