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12/09/24
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McGee Business Center I & II, a fully leased 231.7k sf industrial portfolio located in Chino and Pomona, was acquired by Proficiency Capital LLC. The deal was financed with an acquisition loan of $32.2 mil.
McGee Business Center comprises two business parks strategically located in the Inland Empire West submarket. Business Park I, situated at 2300 S Reservoir St in Pomona, consists of four buildings totaling 129.8k sf. Business Park II, located at 12301-12395 Mills Ave in Chino, includes five buildings totaling 101.9k sf. Constructed in 1981 and 1987, the property features 71 industrial suites averaging 3.3k sf, catering to a diverse mix of local and regional tenants.
The business parks are less than one mile from CA-60 (Pomona Freeway), providing convenient access to CA-71 (Chino Valley Freeway) 2.2 miles away and Interstate 10 approximately 6.7 miles to the north. This strategic location allows tenants to efficiently serve the 6.5 million residents within a 25-mile radius, spanning the Inland Empire, San Gabriel Valley, Orange County and Los Angeles metro areas.
The three-year, floating-rate loan was arranged by Peter Thompson, Kyle White and Nick Englhard with JLL Capital Markets and funded through a bank.
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