CORONA, CA-The Erdts Family Trust of Anaheim has purchased a fully leased, 23,342-sf industrial building here from a local investor for $1.55 million, according to Daum Commercial Real Estate Services.

Chris Migliori of Daum’s Anaheim office reports that the family trust’s new holding is on 1.5 acres at 1801 Railroad St. Migliori represented both the buyer and the seller.

The Railroad Street building is a modern concrete tilt-up structure, featuring a large yard area, street identity, and divisibility. The property is occupied by Utility Conduit Systems. Its sale is the latest in a recent series of industrial sales and development in Corona, which brokers describe as a popular industrial market because of its location, which is close to Orange County and convenient to Inland Empire markets as well. A number of developers who have industrial projects under way report that they often lease or sell the industrial buildings well before construction is completed.

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