CBRE Facilitates $7.2 Million Sale of Industrial Property in Indio, California

CBRE announced the sale of a 46,220 square-foot industrial property located at 82309 Market Street in Indio, Calif. A Los Angeles-based 1031 exchange buyer acquired the property for $7.24 million.

CBRE’s Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Wes Jones represented the seller in the transaction.

“This sale underscores the continued robust investor appetite for high-quality, stabilized industrial assets in the growing Coachella Valley market,” said Cemo, first vice president at CBRE. “The property’s exceptional tenant profile, with a long-term lease in place, combined with its functional design and strategic location, made this an incredibly attractive offering for the buyer.”

Situated on 2.10 acres, the building includes 38,120 square feet of warehouse space and 8,100 square feet of office. The tenant recently renewed its lease at the property.

The warehouse portion of the property features 20-24 foot clear heights, four grade‑level doors, two dock‑high doors and a fully fenced, gated concrete truck court.