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2/17/20
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A fully leased, 143.3k sf distribution facility in San Bernardino was acquired a fund sponsored by CBRE Global Investors. The last-mile building, located at 945 South Sunnyside Ave, is leased to FedEx.
The facility, known as Gateway South Building 5, features a state-of-the art design, including 32-foot clear heights, 48 x 60-foot column spacing, LED lighting and ESFR sprinkler system convenient access to I-10, connecting it to the main traffic arteries in the metro area. The property is also is within 20 minutes of two international airports, the Ontario International Airport and the San Bernardino International Airport, with the latter located just two miles from the site.
Kim Hourihan, a portfolio manager for CBRE Global Investors, continued, “As the Inland Empire submarket’s availability rate continues to tighten, we expect that we will also see an increase in demand for this type of high-end, coveted last-mile logistics space.”
Darla Longo, Barbara Perrier, Rebecca Perlmutter and Brett Hartzell of CBRE represented the seller in the transaction. The price was not disclosed.
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