Circle Point Plaza

Stream Southern California
Investment Sales Landlord Representation
1420 E Cooley Drive
Colton, CA 92324
Raised occupancy from 65% to 80% in 20 days and sold building at the highest price in the submarket in less than 60 days.
  • Situation

    • 19,290 RSF Class C office building located in Colton
    • Building had been unsuccessfully marketed for sale with 6 different brokerage firms since 2013
    • Building was 65% leased with no transaction activity in 32 months
    • Colton is a 1.1 MM RSF submarket with anemic office absorption
  • Action

    • Repositioned the asset resulting in increased occupancy, from 65% to 80%, in 20 days
    • Completed 3,000 RSF of leasing, including an expansion of the largest tenant, Bill LaTour
    • Added $360,385 in value to the property enabling a portfolio sale for the owner


  • Successful sale of an asset that had been on the market since 2013
  • Closed escrow in less than 60 days
  • Highest office sale price recorded in the submarket year-to-date
  • 1 of 5 transactions sold in the Colton submarket YTD in 2013

Brokers Involved

Mike Adams
Managing Director
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