ONTARIO, CA-GlobeSt.com exclusively learns that South West Medical Resources Holdings has purchased Grove Avenue Business Park here in Ontario, CA. The full-service medical company now has the ability to service multiple portable PET/CT trailers at once as well as having their entire operation under one roof,” explains Lee & Associates, which represented the buyer and seller.
The industrial deal changes hands for $10.35 million. The buyer was represented by Jeff Smith and Ryan Lal of Lee’s Ontario office, while Kush Warehousing, the seller, was represented by Paul Earnhart, Doug Earnhart and Erik Hernandez, also of the Ontario office.
“Because of their rapid growth, SWMR was previously leasing multiple industrial units in Corona,” Lal explains. “The building gave them the dock doors and yard area they needed along with the ability to grow their business plan into the balance of the building.”
Located at 1290 Elm St. on 8.11 acres, a fully secured yard, the 140,341-square-foot property has six GL doors, 15 DH doors with load levelers, 30′ clear height and T-5 energy efficient lighting. The building was built in 2005 and is minutes from the Ontario International Airport with nearby tenants including Phillips Lighting, Lithonia Lighting, Coastal Pacific Food District, Perma Cool Products, Tyco International, Act Fulfillment Center, and Fender Guitars.