CT Realty Acquires 572,000 SF of Industrial Buildings

BEAUMONT, CA-CT Realty Investors Inc. of Orange County, CA has acquired two warehouse buildings totaling 572,143 square feet and 30 acres entitled for an additional 611,000 square feet at 520 Fourth St. and 415 Nicholas Rd. in this Inland Empire city. CT bought the property from Oakmont Dowling Orchard LLC for an undisclosed price that was “well below replacement cost,” according to Carter Ewing, executive vice president of the Aliso Viejo-based company. 

The all-cash closing occurred in less than 60 days from opening of escrow to close, Ewing said, and was facilitated by Bill Heim and Eloy Covarrubias of Lee & Associates Ontario, who also represented the seller. Heim and Covarrubias also will handle the project marketing for CT Realty.