Business & Investment

Realterm Acquires 61,379 SF Final Mile Warehouse in Rancho Cucamonga, CA

Realterm today announced the acquisition of a 61,379-square-foot final mile industrial building on Hermosa Avenue 9550 in Rancho Cucamonga, California. Located 37 miles east of downtown Los Angeles, the 6-acre site features 14 loading areas and a large garden. It is fully fixed, paved and lit.

Derekfish, Vice President of Investment at Real Term, said: Our strategy is to acquire properties in top markets that are very close to the large population, strengthening our portfolio and benefiting our end users. ”

Located in the highly desirable Western Inland Empire (IEW) submarket, this facility has direct access to I-10, I-15, SR-60, and SR-210, and is close to I-215 and SR-91. This strategic location provides access to over 17 million people within 60 miles of the property. In addition, this property is less than 2 miles from Ontario International Airport, less than 10 miles from Chino Airport, and 55 miles from Los Angeles Harbor and Long Beach.

Stephen Panos, Senior Vice President and Fund Manager at Real Term, said: “Combined with the strong location and size of the property, the excellent market fundamentals appeal to truck and logistics operators and guarantee strong performance with excellent downside protection.”

The property highlights are:

Square foot: 61,379 SF

Land area: 6.15 acres

Door: 14

Access: I-10, I-15, SR-60 and SR-210

About Realterm

Realterm is a real estate operator with 30 years of experience implementing niche private equity strategies at the crossroads of global supply chains and evolving consumer trends. Realterm currently manages over $ 9 billion in assets through a series of five logistics-oriented private equity funds. RealtermAirportLogisticsProperties (RALP) is an open-ended fund that invests in high-flow-through (HFT) on-airport logistics real estate across North America. The Realterm Logistics Income Fund (RLIF), an open-end core plus fund, and the Realterm Logistics Fund (RLF) series, a closed-end value-added fund series, both invest in HFT ground transportation logistics real estate. National; Realterm Europe Logistics Fund (RELF) is a series of closed-end value-added funds that invest in HFT logistics real estate across Europe. Interspace Logistics Parks (ILP), a closed-end opportunistic fund series that invests in warehouses and logistics real estate across India’s top industrial markets.

Realterm Acquires 61,379 SF Final Mile Warehouse in Rancho Cucamonga, CA Realterm Acquires 61,379 SF Final Mile Warehouse in Rancho Cucamonga, CA

Back to top button