|
|
1/28/15
|
Westcore Properties has completed the purchase of a 260k sf industrial building in the Inland Empire submarket of Moreno Valley for $17 mil, or about $65/sf. Located at 17101 Heacock St, on the March Air Reserve Base, the building was sold by a joint venture between Marhub LLC and Global Port Ramp Services.
Built in 2006, the building is master-leased to DHL Express Inc, but the current sublease tenants include Amro Fabricating Corp and Ross Dress for Less. Adjacent to an Amazon Fulfillment Center, the property provides immediate access to Interstate 215 and includes heavy electrical power, extensive trailer parking and future expansion capabilities. The Ports of Los Angeles and Long Beach are both less than 75 miles west of the property.
Anthony Brent, Ryan Martin and Jeremy Womack of HFF represented the seller. The facility was purchased free and clear of existing debt.
“Offering ramp access for inbound and outbound air cargo as well as the longest and deepest runway in California, this property also benefits from being located within a foreign trade zone destination,” Martin noted.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
