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| Magnolia Foods Building, 1450 Alder Avenue, Rialto, CA |
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| Juan Gutierrez |
- Rialto, CA – Voit Real Estate Services has successfully directed the sale of a newly constructed, 120,576 square-foot freestanding industrial facility in Rialto, California, for a total consideration of $15.9 million.
Voit Real Estate Services’ Juan Gutierrez, Frank Geraci, and Adam Geiger represented the seller, Compass Danbe Real Estate Partners LLC, a leading investment and management advisor and also an active developer in the Inland Empire market.
The property was purchased by 1450 Alder Avenue, LLC which then leased out the property to its affiliate Magnolia Foods, a Mira Loma-based manufacturer and distributor of high-quality food products that is expanding its presence in the Inland Empire with this acquisition.
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| Frank Geraci |
"Compass Danbe is addressing this need in the market by developing more than five ground-up industrial properties in Rialto.”
Voit represented Compass Danbe Real Estate Partners LLC in the acquisition of more than 15 acres of land over the past 24 months and is now the exclusive agent for each property’s lease or sale.
“The City of Rialto’s commitment to infrastructure and support of the industrial sector makes it an excellent location for owner-users, tenants and investors,” says Mark Bachli, Principal and Co-Founder of Compass Danbe Real Estate Partners LLC.
“For this reason, we continue to invest heavily in this particular area and plan to bring numerous Class A industrial properties in the 70,000 square foot to 120,000 square foot size range to market during 2019 and 2020.”
“For this reason, we continue to invest heavily in this particular area and plan to bring numerous Class A industrial properties in the 70,000 square foot to 120,000 square foot size range to market during 2019 and 2020.”
Situated in a newly developed business park within the Renaissance master-planned development of Rialto, the building offers immediate access to I-210 freeway, and is close to the 210/15 freeway interchange, which allows excellent East West and North South interstate transportation routes, according to Voit’s Chenoweth.
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| Walt Chenoweth |
“We recognized that the company needed a Class A facility in order to preserve the integrity of its processes and products. In addition, we knew the target location was the Western Inland Empire in order to keep the company in close proximity to its existing operations and the abundant quality workforce in the area.”
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| Adam Geiger |
The facility features 22 dock-high loading doors, an ESFR fire sprinkler system, 32-foot minimum ceiling clear height, a 181-foot truck court, and a 2,000-amp electrical services, 6,000 SF of two-story office, among other amenities.
“This is an exemplary location with national corporate neighbors including Target, Amazon, Under Armour, Niagara Water, Monster Beverage, Kellogg’s and Medline,” says Chenoweth.
The property is located at 1450 Alder Avenue in Rialto, California.
Contacts:
Micaela Fehrenbach /Jenn Quader
(949) 955-7940
