
Prime Inland Empire West Industrial Warehouse Trades for $69M
Deutsche Wealth Services acquired 9050 Hermosa Ave., a 468,682-square-foot industrial warehouse in Rancho Cucamonga, CA, from TH Real Estate, an affiliate of Nuveen, the investment arm of TIAA, for $68.95 million. At $147.11 per-square-foot, the deal ranks as the highest price per square foot sale for big box properties in the Inland Empire so far this year.
Built in 2004, the asset is a freestanding Class A industrial building on 20.17 acres of land in the Inland Empire West. It features cross-dock loading, fully-secured concrete truck courts, gate-controlled drive-around access, ESFR sprinkler system, 104 dock-high and 4 ground-level loading doors, and heavy power. The property is 100% leased to Ingram Micro.
Cushman & Wakefield’s Jeffrey Cole, Jeff Chiate, Mike Adey, and Ed Hernandez brokered the transaction, with Cushman & Wakefield’s Chuck Belden and Phil Lombardo and JLL’s Mike McCrary and Peter McWilliams serving as market advisors.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition