 |
| SOLD: 236,700 square-foot freestanding industrial building at 2950 East Philadelphia Street in the Inland Empire submarket of Ontario, CA |
The
asset was acquired from the occupant, Myers Power Products, Inc., an industry
leader in the design and manufacture of engineered-to-order power distribution
equipment, in a sale-leaseback transaction, according to Chris Migliori,
Executive Vice President at DAUM Commercial.
“The
seller had an exceptionally well-located, 100%-leased Class A industrial asset
in one of the most desirable submarkets in the Inland Empire,” says Migliori.
 |
| Chris Migliori |
“Based on deep, long-standing relationships with industrial investors active throughout Southern California, we were able to quickly source an experienced, well-capitalized buyer who recognized the full value of the asset, ultimately securing above asking price.”
The property is ideally located at 2950 East Philadelphia Street, adjacent to the Ontario International Airport and bounded by Interstate 10, Interstate 15, State Route 60, and State Route 83, allowing for ease-of-access throughout the region.
Situated
on 12 acres of land, the building features two oversized grade-level loading
doors, 35 dock-high loading positions, a 155-foot truck court, 4000 amps, a
fenced yard, and is naturally divisible.
CONTACTS:
Arleeny Escarcega / Elisabeth
Manville
Brower Group
(949) 438-6262
aescarcega@brower-group.com
No comments:
Post a Comment