Inland Empire Distribution Facility Sells for $102M
JLL Capital Markets has closed the $102 million sale of a new, 344,000-square-foot, LEED Silver-certified last mile, robotics distribution facility in Bloomington, CA. The triple net-leased property spans 17 acres on Slover Avenue in a market that continues to see overwhelming industrial space demand.
Constructed in 2021, the facility offers 36-foot clear height, 49 dock-high doors, 185-foot-deep truck court, LED lighting, ESFR fire protection and ample vehicle parking. It is also in proximity to five major freeways.
The JLL Capital Markets Investment Sales and Advisory team that represented the seller, Crow Holdings Development, was led by Senior Managing Director Mark Detmer, Managing Director Ryan Sitov and Senior Director Evan Morgan. “This transaction represents an extremely positive outcome for both the seller and the buyer, as we continue to see a very high level of demand for Class A industrial assets in the region,” said Detmer in a news release.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.