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Pacific Industrial Completes Record-Breaking $214M Industrial Sale in SoCal
Pacific Industrial completed the largest non-portfolio industrial property disposition in California in the past 24 months, with the sale of Sierra Pacific Center, a two-building, 1,495,208 square-foot, Class A+ industrial facility in Fontana, CA. The firm sold the asset, completed in 2016, to an institutional life insurance company for $213.5 million.
The property at 5565 and 5885 Sierra Ave. is fully-leased to LG Electronics and FedEx, and is one of the first ground-up developments completed by Pacific Industrial.
Pacific Industrial’s Dan Floriani says, “This is a milestone transaction that represents the remarkable investment potential of spec industrial developments when they are done well. This is a stable, cash flowing asset in an exceptional location, with investment grade tenancy and key features that are unlike any other industrial property in the Western U.S., giving the buyer a property that can be profitably held for the long term.”
Cushman & Wakefield’s Jeff Chiate represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


