Lake Elsinore | Adler Realty

Adler Realty Investments & Fairway Commercial Partners Sells Four Newly Constructed Industrial Buildings

Ruth Adler — Wed, 19 Feb 2020 13:41:11 +0000

Lake Elsinore (January, 2020) – Adler Realty Investments, Inc. (Adler) in Partnership with Fairway Commercial Partners Inc, recently sold four buildings in phase two of the Fairway Industrial Park. Phase 2 construction was recently completed consisting of six standalone buildings located off Birch Street in the city of Lake Elsinore. Phase 1 consisting of three buildings totaling 74,800 square feet was completed and sold in 2018. The four buildings were sold to four separate owner-users. Gross sale price was nearly $8 million dollars. Phase 2 still has two buildings available for sale, one being 16,034 square feet and the second being 9,978 square feet.

“We are pleased with the completion of the construction of these smaller size buildings which remain in strong demand from owner-users,” said Michael Adler, president of Adler. “Riverside County continues to grow and requires more quality industrial product.” added Rod Oshita, President of Fairway Commercial Partners. “The industrial park benefits from a central Inland Empire location and strong labor pool with easy access to interstate 15”.

Phase 3 of the industrial park is designed for an additional 140,000 square feet in four buildings. Larry Null and Charlie Black of Lee & Associates, represented the seller in the transaction and are marketing the remaining buildings.

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Lake Elsinore Biz Park Sells for $10 Mil

Ruth Adler — Wed, 11 Apr 2018 14:53:51 +0000

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Adler Realty Investments & Fairway Commercial Partners Sells Three Newly Constructed Industrial Buildings, Lake Elsinore, CA

Ruth Adler — Wed, 28 Mar 2018 16:21:28 +0000

Lake Elsinore (March, 2018) – Adler Realty Investments, Inc. (Adler) in Partnership with Fairway Commercial Partners, sold phase one of the Fairway Industrial Park. The three buildings total 74,800 square feet and are located at 470, 480 and 490 Third Street in Lake Elsinore. The properties were sold to a single private investor upon completion for nearly $10,000,000. Phase one is situated on approximately five acres of the 18 acres project which is expected to be built in three phases.

“We are pleased with the successful development and sale of the initial three buildings,” said Michael Adler, president of Adler. “This industrial development meets the growing need in Riverside County for quality industrial product in a very supply restrained market.” added Rod Oshita, President of Fairway Commercial Partners. “The industrial park benefits from a central Inland Empire location with easy access to interstate 15”.

Phase II of the development is anticipated to break ground in the 2nd quarter of 2018 and will consist of six buildings varying in size from 8,000 square feet to 18,000 square feet.. Larry Null and Charlie Black of Lee & Associates, represented the seller and buyer in the transaction and will be marketing the future phases.

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Lake Elsinore Industrial Project

Ruth Adler — Tue, 24 Jan 2017 16:58:43 +0000

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