Annapolis, Md. (October 19, 2022) – Realterm announces the acquisition of 2765 Lexington Way, a 160,000-square-foot warehouse with a 1,600-square-foot office in the heart of the Inland Empire. Situated in San Bernardino, Calif. on 18.3 acres with 15.5 acres dedicated for parking, the property offers 28 dock doors, fully secured truck parking and two points of ingress/egress.
"There is strong demand for industrial outdoor storage in the Inland Empire given the limited supply of and increased demand for space allowing this use," said Ed Brickley, Managing Director and Senior Fund Manager, Realterm. "2765 Lexington Way offers extensive outside storage and/or parking space and the potential to create a highly functional transload property on the site. It is an excellent addition to our portfolio."
The Inland Empire has a vacancy rate of less than one percent. 2765 Lexington Way is located adjacent to I-215 and near I-15 and I-10. The facility is situated to service the dense population of the entire Inland Empire Market. It is just under nine miles from San Bernardino Intermodal and only 22 miles to Ontario International Airport.
"This large property has the compelling industrial property characteristics we seek," said TJ Cameron, Associate Vice President, West Region Acquisitions, Realterm. "Given current market condition, with high demand and low vacancy, we are contemplating repositioning the property to enhance functionality and utility for today’s user base."
Highlights of 2765 Lexington Way include:
- Square feet: 61,000 SF
- Land area: 18.3 acres
- Loading positions: 28
- Access: I-15, I-215 and I-10