TA Realty has bought two Inland Empire industrial amenities for $133.5 million from JCS Properties. The agency paid $92 million for a 253,670-square-foot complicated in Metropolis of Trade, Calif., and $41.5 million for a 140,276-square-foot warehouse in Corona, Calif. Stream Realty Companions represented the client within the off-market transaction.
The deal instantly follows TA’s $90.5 million acquisition of Inexperienced Valley Company Park, a 415,107-square-foot industrial campus in Fairfield, Calif. One other current high-profile transaction within the space was Winsford Corp.’s sale of a 106,088-square-foot warehouse in Ontario, Calif., additionally brokered by Stream.
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Accomplished in 1988 at 451 N. Cota St., the Corona warehouse has 11 dock doorways and three drive-in loading bays. The property was 43 p.c leased on the time of sale. JCS had bought the constructing in 2021 for $30.2 million, CommercialEdge knowledge exhibits.
The Metropolis of Trade facility got here on-line in 1998 at 120 Puente Ave., that includes a mixture of warehousing, chilly storage and workplace house. The property options 140- to 220-foot truck courts and an worker coaching middle, in addition to a full on-site kitchen and bar space. Traditional Beverage of Southern California is the constructing’s sole tenant, in line with CommercialEdge knowledge.
Each buildings are adjoining to the Riverside Freeway, giving them fast transport, logistics and transit entry to Los Angeles and the Port of Lengthy Seashore.
The Stream brokerage group was led by Senior Vice Presidents Stefan Pastor and Brad Yates.
The Inland Empire, king of commercial
The Inland Empire stays each a regional and nationally-ranked industrial powerhouse, posting the nation’s lowest emptiness fee of 0.9 p.c, with some 36 million sq. ft of house in its building pipeline and a year-to-date transaction quantity of $3.2 billion as of August, in line with a CommercialEdge report. Resulting from its location and clientele, the area can be the costliest for industrial funding and leasing within the U.S., with the per-square-foot sale worth clocking in at $336.
