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6/11/19
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West Coast Steel & Processing U.S.A. (dba SteelCo USA) has acquired a 68.2k sf manufacturing facility in Chino for $10.7 mil ($157/sf). West Coast Steel divisions include SteelCo USA, Great Pacific Elbow, Mission Metals, and Deluxe Building Products.
Built in 1986, 13900 Sycamore Way features 10.1k sf of office space, 26’ minimum clear height, and eight ground-level drive-in doors with 1.83 acres of excess land. Its prominent location between the 60, 71, and 83 Freeways provides excellent access to transportation routes serving Southern California. The property will serve as SteelCo USA’s sixth facility in the Inland Empire.
Tim Pimentel, Chuck Belden, Kyle Kehner from Cushman & Wakefield’s Ontario office have represented SteelCo USA for over 10 years and represented the buyer in this transaction. The seller, a private individual, was repped by David Nguyen from Lee & Associates and Brad Yates from Colliers International.
“SteelCo purchased the property to support their expansion and it will be used to process and distribute product from one of their three divisions,” said Pimentel. “In their newly purchased facility, they will be better able to service their customers’ needs with needed added square footage.”
Prior to this acquisition, SteelCo USA most recently leased a 47.3k sf facility at 1350 Lexington Ave in Pomona in a deal also brokered by Cushman & Wakefield. Combined with the newly acquired Sycamore Way, West Coast Steel & Processing and its divisions control approximately 300k sf of manufacturing and warehouse space in the Inland Empire West.
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