JLL arranges sale and acquisition financing of light industrial portfolio in Riverside, California

• JLL Capital Markets arranges the sale and $25 million in acquisition financing for a 238,473-square-foot light industrial portfolio in Riverside, California

• Oxford Properties sells the four-asset portfolio to Sierra Ridge Capital and Pacific Properties Group

• The transaction demonstrates continued investor appetite for cash-flowing industrial properties in Southern California's logistics corridor

LOS ANGELES, Sept. 21, 2026 – JLL Capital Markets announced today the sale of a light industrial portfolio comprising four assets totaling 238,473 square feet in Riverside, California.

JLL represented the seller, Oxford Properties, in the transaction. Sierra Ridge Capital acquired the assets with Pacific Properties Group of Los Angeles providing the equity. Working on behalf of the new owner, JLL also arranged a $25 million acquisition loan with a correspondent life insurance company.

The portfolio includes two distinct property types strategically positioned within the Inland Empire market. The collection features 12000 Magnolia Ave., a 132,800-square-foot, 100% leased multi-tenant facility built in 2018 with 30-foot clear heights, and Hunter Business Park at 1110-1130 Palmyrita Ave., comprising 105,673 square feet across 14 suites constructed in 1990 with 18-foot clear heights.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Patrick Nally, Senior Director Ryan Spradling and Associate Shae Vomund. The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Jeff Sause, Analyst Danny Ryan and Analyst Jenny Barger.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.         

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Sierra Ridge Capital is a private real estate investment and asset management firm focused on industrial properties in the western U.S. The firm invests as principal alongside institutional, family office and private capital partners, and operates assets on behalf of ownership groups. Sierra Ridge emphasizes well-located assets held at a durable basis and managed for long-term income growth.

Pacific Properties Group, Inc. is a regional owner and operator of grocery anchored shopping centers and multi tenant industrial parks primarily in California with additional holdings in Arizona, Nevada and Texas. PPG was founded in 1990 and is headquartered in Los Angeles.