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INLAND EMPIRE NEWS
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Tesla Leases New 322k sf Industrial Facility in the Inland Empire

7/19/21

Tesla has signed a lease and taken occupancy at 19640 Cajon Blvd, a recently completed, 322k sf industrial development in San Bernardino. The facility, a development of Alere Property Group, now serves as Teslaís west coast distribution hub for auto parts, power walls, solar panels and other related items, and is the base of operation for hundreds of employees.

19640 Cajon Boulevard is a state-of-the-art facility in San Bernardinoís Inland Empire industrial real estate submarket. The asset features 40 feet minimum clear height and cross-dock loading, allowing for efficient racking, storage and material handling. The property includes approximately 5.1k sf of office space, 52 dock-high doors, two ground-level doors, an extra-large 185-foot truck court and a bonus storage yard.

The facility is located south of the I-15 and I-215 freeway junction, at the base of the Cajon Corridor, providing quick access to Southern Californiaís primary logistics transportation routes. The junction is a critical connection point for the U.S. supply chain and serves as a gateway to other southwestern metropolitan statistical areas (MSA) such as Las Vegas and Phoenix. Neighboring corporations include FedEx, Hewlett Packard, Bobís Discount Furniture and XPO Logistics. The regionís main airfreight hub, the San Bernardino International Airport, is also nearby.

Rick John, Dan Foye and Gus Andros, SIOR, with DAUM Commercial Real Estate Services represented Alere in this transaction. Tesla was repped by Hunter McDonald at CBRE. Terms of the transaction are undisclosed.

Alere owns over 20 msf of industrial space within the Inland Empire West and East submarkets. The firm targets large-scale ground-up development opportunities ranging from 25k sf to over 1 msf in Southern California. It also seeks core and value-add investment opportunities throughout the region.





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