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by CareyBot

Grubb & Ellis/BRE Commercial brokered the sale of the Moreno Corporate Center, a 199,604-square-foot office/industrial complex in Moreno Valley, Calif. The value of the transaction was $17.3 million. The project consists of one three-story, steel-framed office building and five one-story, multitenant industrial buildings on approximately 13.2 acres. The one-story building, located at 22690 Cactus Ave., is 60,589 square feet and was fully leased long-term at the time of sale to the County of Riverside, Keith Engineering and the USDA. The five one-story buildings, located at 14300-40 Elsworth St. and 22620-40 Goldencrest Drive, total 139,015 square feet with the average suite size of 2,356 square feet. They were 95 percent leased at the time of sale to 45 tenants. Basslamp Ventures...