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March 22, 2019
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SOUTHERN CALIFORNIA NEWS
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CapRock Partners Sells New Corona Industrial Facility

3/13/19

Temescal Valley Commerce Center, a new 140k sf, Class A industrial building in Corona, was acquired by Brothers International Deserts Inc, a SoCal-based ice cream manufacturer. The price was not disclosed.

The recently completed facility was developed by CapRock Partners. Temescal Valley Commerce Center sits on 9.42 acres along I-15 near the Weirick Road off-ramp. The property is uniquely perched above the freeway, where an estimated 160,000 vehicles pass by each day, providing visibility and marketing exposure for the building’s tenant. It is situated along prime transportation routes, providing efficient access to Orange County and the ports of Los Angeles and Long Beach, in addition to nearby rail and air transportation.

Temescal Valley Commerce Center is designed to meet the needs of last-mile ecommerce users. The 32-foot clear height structure includes 11 dock-high doors, two ground-level doors, eight excess trailer parking stalls, office suites and 90 parking spaces. It has immediate access to the Dos Lagos on/off ramp and a private queuing lane to enable vehicles to quickly move through the property.

The completion of Temescal Valley Commerce Center solidifies a trifecta of strategic small-box industrial developments in Southern California’s Inland Empire market for CapRock Partners, with two additional properties in Norco and Jurupa Valley slated for delivery by end of 2019. Collectively, the three regional properties will generate eight small-box industrial buildings totaling nearly 900k sf.

CapRock’s Serrano Business Park in Jurupa Valley, comprised of three buildings totaling 327k sf, is scheduled for delivery next month. Saddle Ranch Business Center in Norco also will deliver four buildings totaling 425k sf in summer of 2019. CapRock Partners also has an additional 2 msf to 3 msf of logistics development construction slated to commence in the next 18 months in Southern California and Nevada.

Fullmer Construction provided general contracting services for Temescal Valley Commerce Center. The leasing assignment for the property was awarded to Austin Hill, Jeff Ruscigno and Jeff Smith at Lee & Associates.





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