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9/08/23
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CapRock has secured $17.5 mil in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley. Upon entitlement, CapRock will have the optionality to either commence development on an approximately 500k sf, LEED-certified industrial warehouse or exit via a land sale.
The industrial-zoned site will accommodate a wide range of uses including e-commerce, manufacturing and distribution. At completion, the building will feature 36-foot clear height, 65 dock-high doors and up to 10k sf of two-story office space. The property will offer 88 trailer parking stalls, 339 auto parking stalls, a truck court depth of 185 feet and a secured concrete yard.
CapRock Global Logistics is located just south of the 60 Fwy at the Theodore St on/off-ramp. Positioned midway between the I-215 and I-10 freeways, the property is within a 1.5-hour drive to the Ports of Long Beach and Los Angeles and offers the ability to reach 11 states, or approximately 80 million people within a one-day drive.
At completion, World Logistics Center will be the largest logistics business park in North America, offering exceptional connectivity to major transportation routes including highways, rail lines and airports, the Ports of Long Beach and Los Angeles, and major Western U.S. distribution hubs.
Greg Brown, Peter Thompson, Spencer Seibring and Kyle White with JLL Capital Markets Debt Advisory team arranged the financing.
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