The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 31, 2023
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Inland Empire Industrial Facility Acquired for $59 Mil by Ares Management Fund

12/12/22

A 205.6k sf industrial building in the Inland Empire city of Perris was purchased for $59.275 mil ($288/sf) by a fund managed by Ares Management. The facility is fully leased to GPA Logistics.

Built in 2022, the facility is situated on 9.56 acres at 100 Walnut Ave, just east of I-215. It includes a 36-foot clear height, 27 dock doors and 1,200 amps of power.

Cody Lerner with Avison young represented the buyer in the deal. The seller, 100 Walnut LLC, was represented by Carol Taubman of Westgate Industrial Properties. The closing cap rate was 5.5%.

“Timing is everything, which was the case for this transaction,” said Lerner. “Given the uncertainty in the market, the seller chose to dispose of the asset at a strategic time prior to the end of the year. Our client recognized the attractive quality and strategic location of this asset and was able to move swiftly. This aligned investment timing allowed for a beneficial situation for both parties.”




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media