Saddle Ranch is a Strategic Acquisition for Alere Property Group

Alere Property Group recently acquired Saddle Ranch Business Park, a 422,000-square-foot class-A industrial warehouse complex in Norco, CA. The asset is fully leased to vitamin and nutrition company, Goli Nutrition for its corporate headquarters and manufacturing/distribution operations.

The seller was Southern California-based developer CapRock Partners. Terms of the purchase and sale transaction were not disclosed.

“Saddle Ranch Business Park is a well-designed and uniquely positioned asset within the Inland Empire West, and is a strategic acquisition for Alere,” said Alan Carmichael, senior vice president of investments at Alere Property Group. “Demand for modern industrial space in the Norco/Corona submarket is supported by its accessibility to Orange County. The recently completed property, which is located along the I-15 freeway and near a major logistics interchange, complements Alere’s approach and is an excellent addition to our portfolio of high-quality industrial assets.”

Saddle Ranch Business Park consists of four buildings ranging in size from approximately 81,000 square feet to 158,000 square feet with clear heights from 30 feet to 32 feet. The park is located at 3300 to 3390 Horseless Carriage Dr. This site is near the SR-91/I-15 Interchange and proximate to North Orange County markets as well as Ontario, Eastvale, Chino Hills, Chino, Corona and Riverside.

CBRE represented Alere and CapRock in the transaction led by Darla Longo, Barbara Perrier, Rebecca Perlmutter, Joe Cesta and Eric Cox. Lee and Associates’ Paul Earnhart, Jeff Ruscigno, Brian Pharris and Ryan Earnhart also consulted on the deal.