Dalfen Industrial Adds 418K SF Industrial Asset to its Coffers

Dalfen Industrial recently acquired a 417,600-square-foot industrial building in Lathrop, CA in the Central Valley. The opportunity was sourced off-market and is 100 percent occupied with an additional 10.85 acres of developable land. The price was undisclosed.

The property has a strategic last-mile location with close proximity to I-5 as well as the Port of Stockton and the Union Pacific and BNSF Railroads. This location offers access to more than 839,000 people within a 30-minute drive with a population that is growing at a rate 47 percent faster than the national average. Other companies in the area include Home Depot, Wayfair, Tesla, Amazon, DHL and Kraft.

“Strong growth dynamics in this region have resulted in increasing industrial demand, making this a great addition to our West Coast portfolio,” said Rich Weiss, market officer for Dalfen. “The Central Valley is a major West Coast distribution hub with same-day delivery capabilities to nearly 46 million people between San Francisco, Sacramento, Los Angeles, San Diego and Las Vegas, and all the cities in between.”

In 2021, Dalfen Industrial acquired and developed $2.3 billion in industrial properties.

“This acquisition exemplifies our continued focus of adding strategically located West Coast industrial assets to our portfolio in order to bolster our last-mile fulfillment center footprint in the region,” said Sean Dalfen, president and chief investment officer at Dalfen Industrial.