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February 28, 2024
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Inland Empire Distribution Facility Trades in $220 Mil Deal


A 760k sf warehouse facility in the western Inland Empire city of Eastvale traded in a $220 mil ($290/sf) transaction. The property, situated on roughly 43 acres at 13000 Mission Blvd, was purchased by New Jersey-based NFI Industries, a third-party logistics provider.

The single-tenant asset was sold by Sares Regis Group, who bought it for $87.5 mil in 2019 from the developer, J.W. Mitchell. It was built in 2000.

Michael Kendall, Gian Bruno, Kenny Patricia, Steve Bellitti, Tom Taylor, and Joey Jones with Colliers brokered the transaction.

“Largely driven by continued strength in container volume through the largest port complex in the country and the sustained growth in eCommerce in Southern California, demand for available space in the Inland Empire remains insatiable, and it remains the most sought-after market in the United States,” said Kendall. “This, coupled with a flight to the safest and most dynamic markets in the country for investment capital, makes this a bellwether transaction for Industrial in the U.S.”

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