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September 23, 2023
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Inland Empire Last Mile Facility Trades in $102 Mil Transaction


In a recent Inland Empire industrial investment sale, A 344.4k sf, LEED Silver-certified last-mile, robotics distribution facility traded for $102 mil, or $296/sf. The NNN-leased facility sits on 17.34 acres at 18025 Slover Ave in Bloomington.

The building is in a highly sought-after last mile location with valuable access to multiple transportation nodes, including Interstates 10, 15 and 215 and CA Highway 60 and 91, along with two seaports, several airports and eight intermodal facilities. These highways connect the property to a population of more than 14.2 million residents within a 55-mile radius. The property is located within the top-performing Inland Empire Industrial market, which has high barriers to entry, overwhelming tenant demand and access to a large labor force.

Constructed in 2021, the facility offers the amenities and characteristics of a modern last-mile facility. The front-load building features a 36-foot clear height, 49 dock-high doors, 185-foot-deep truck court, LED lighting, ESFR fire protection, market-standard office finish and ample vehicle parking.

The asset was sold by Crow Holdings Development. They were repped in the deal by Mark Detmer, Ryan Sitov and Evan Moran with JLL Capital Markets.

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