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ONTARIO, CA-C.G.U. Capital Group of Long Beach has purchased a 41,276-sf industrial building at 2888 Spruce St. from a Chinese seller who formerly occupied it as an owner-user. The new owner will now market the space for industrial and distribution uses, according to Teresia Knight of NAI Capital Commercial in Ontario.

Knight says the buyer acquired the property for $2.685 million from the owner of a firm that imports and exports ceramics. She tells GlobeSt.com that the seller developed the single-story, concrete tilt-up building in 1999 on a 2.41-acre parcel, which is about twice the size of a typical parcel for a building of this size. “It’s really unusual for this area to have a building of this size with sucha large yard area,” says Knight, who explains that the seller bought two parcels of land and had the building constructed so he could have an extra large truck court. She says the property features extra space for parking, two-story offices, fenced and double-gated yards, and other custom features.

The property is located on a corner lot at Spruce Street and Pointe Avenue in a newer industrial area of Ontario, according to Knight, who is the leasing agent for the new owner. She says the new owner is asking 41 cents per sf per month, triple net.

The seller was represented by Joe Lin of CB Richard Ellis in Ontario.

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