Class A Distribution Building in the Inland Empire for Sale

Monday, May 13, 2019

HFF, as the exclusive advisor, is pleased to offer an exceptional opportunity to acquire 6075 Lance Drive, a to-be-built, Class A distribution facility totaling 361,346 square feet in the heart of the country’s most dynamic industrial market, the Inland Empire. The high-image building will offer state-of-the-art features, including a 32-foot clear height, ESFR fire protection system and a secured 185-foot truck court. The property is scheduled to be delivered in the third quarter of 2019 on a vacant warm shell basis.

Industrial Building for Sale Investment Highlights

State-of-the-Art Distribution Building: 

  • Class A distribution facility totaling 361,346 square feet
  • 37 dock-high and two ground-loading doors
  • ESFR fire suppression system
  • 32-foot minimum warehouse clearance
  • 85-foot secured truck court with 53 trailer parking spaces

Premier Industrial Market:

  • Proximity to the Port Complex of Los Angeles/Long Beach, access to a massive consumer base in Southern California and a Class A base have made the Inland Empire the premier location for logistics users.
  • Despite more than 25 million square feet of deliveries in 2017 and another 24 million square feet delivered in 2018, Inland Empire’s vacancy rate remains low at 3.7%.
  • Average asking lease rates in the Inland Empire are up 12.1% year over year and have grown by 8% or more on a year-over-year basis since 2014.
  • User demand continues to be strong in the 300,000- to 500,000-square-foot range with 39 leases executed over the last 18 months.
  • Users are migrating to the Inland Empire East given a lack of available product in the Inland Empire West.

Value-Add Upside:

  • Immediate opportunity for value creation through stabilization
  • Potential for user exit at a premium

Strategic Logistics Location:

  • Immediate access to the Interstate 215 and Highway 60 (1.2 miles)
  • Proximity to the UP Railroad (11.7 miles) and the BNSF Intermodal Yard (17.2 miles)
  • 16.3 miles and 21.4 miles from the San Bernardino International and Ontario International airports, respectively
  • 70.4 miles from the Port Complex of Los Angeles/Long Beach
  • Ideal location for e-commerce related users

6075 Lance Drive offers investors the unique opportunity to acquire a to-be-built, Class A distribution facility in the Inland Empire, the most dynamic industrial market in the U.S. Delivered on a vacant basis, the property presents investors with an immediate opportunity for value creation through stabilization.

For more information on this commercial real estate listing or any other industrial properties for sale in Southern California, please contact Andrew Briner or Paul Paul Brindley  in HFF’s Los Angeles office.  To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

CONTACTS:
Andrew D Briner, CCIM
HFF Managing Director
CA Lic. #01821872
(310) 407-2106
abriner@hfflp.com

Paul Brindley
HFF Senior Managing Director
CA Lic. #01173794
(310) 407-2100
pbrindley@hfflp.com

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