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Lee & Associates Rings Up $5-Mil Sale

NEWPORT BEACH, CA-The firm's Newport Beach office represented both sides in the sale of a 100,320-sf industrial building in Chino. The facility was fully occupied at the time of sale.

By Erin Cassin | Updated on January 12, 2002

NEWPORT BEACH, CA-The Newport Beach office of Lee & Associates has brokered the sale of a 100,320-sf industrial facility in Chino.

The buyer, Ramona Investments, has paid $5 million for the property. Built in 1983, the building has a 26-ft clearance height and is fully sprinklered. It is located at 13851 Ramona. The facility is fully leased to long-term tenants EL & EL Wood Products Corp. and Gibbs Wire & Steel Co.

Both Ramona Investments and the seller, Investment Building Group, were represented by Jedd Zaun of Lee & Associates.

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