NAI Capital Completes the Sale of a New, State-of-the-Art $4.1 million Manufacturing/Distribution Facility in Jurupa Valley, CA
Ontario, CA, Wednesday, February 15, 2017– Senior Vice President Nicholas Chang, CCIM, Senior Vice President Richard Lee and Senior Associate, Justin Kuehn with NAI Capital’s Ontario office completed the sale of a 32,898 square foot manufacturing/distribution facility in Jurupa Valley, Calif. The transaction totaled $4,128,699 or approximately $126 per square foot. Nicholas, Richard and Justin represented the buyer, Star Holdings LLC. The seller was Chase Troy LLC.
The property is located at 4758 Troy Court, Building D. It is a free standing state-of-the-art, concrete-tilt-up warehouse/distribution facility with 28’ ceiling height, an ESFR sprinkler system, 4 dock high loading positions and a large concrete truck court. The building was completed in January of 2017 and is a part of the Galena Business Park. It sits on 68,389 square feet of land about, 2 miles south of the 60 freeway.
Chang said, “Through an aggressive and proactive site selection process, we were able to identify multiple options for our buyer. This new property offered a tremendous long term hold potential for our buyer and we were able to enter into escrow on the property while it was still under construction. At this time, the project is now completely sold out.”
“The Inland Empire is one of the most dynamic industrial markets in the nation due to low available inventory, increasing demand, low vacancy rates, and high level of space absorption. This property is in a prime in-fill location and fit well into what our buyer was looking for,” Lee Added.
“Our buyer imports metal to make tubing and then distributes it out. So this property, which is zoned for manufacturing, for his business it was a perfect fit,” said Kuehn.
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 375 offices and 6,700 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com
About NAI Global
Founded in 1978, NAI Global is a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific. The firm manages over 380 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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