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GID Acquires Multi-Tenant Redlands Industrial
GID, a real estate owner and fiduciary that invests in multiple asset classes, has acquired 401 Alabama St., a Class A, multi-tenant industrial warehouse located in the Inland Empire community of Redlands. The seller and acquisition price weren’t disclosed.
The 95,500-square-foot building is situated with access to Southern California’s dense population centers, including Los Angeles, Orange, San Bernardino and Riverside Counties. Built in 2017, the property includes 12 docks, including three drive-ins, with 30-foot clear heights.
According to CBRE, which arranged the sale, the property is 100% triple-net leased to Camso USA and Alli & Rose, with 3.4 years WALT and below-market rents
401 Alabama is GID’s second industrial acquisition in Southern California. The company recently acquired a three-building industrial park in the East San Gabriel Valley.
- ◦Sale/Acquisition


