Realterm Logistics announces the acquisition of a 142,160-square-foot warehouse located at 1400 Marlborough Avenue, Riverside, California. Located in the Inland Empire industrial market, the building sits on 11.9 acres, has a combination of 16 dock-high and ground level doors and features a 16,048 square foot maintenance shop.
"The Inland Empire industrial market has record low vacancy rates and rapidly rising rental rates underlying strong market fundamentals. 1400 Marlborough is an exceptional property and a welcome addition to our west coast portfolio," said Blair Duncan, Associate Vice President, Western Region Acquisitions.
The warehouse has an efficient combination of dock-high loading positions and drive-in doors that provide a well-organized layout for high flow-through users as well as 22,500 square feet of office space. The property can conveniently service the greater Riverside market, one hour outside of Los Angeles, with easy access to California State Routes 91 and 60 and U.S. Route 215.
"We are excited to add this well-located investment to our portfolio," Ed Brickley, Managing Director and Senior Fund Manager. "The unique characteristics of this building will make it attractive to a wide variety of potential users."
Highlights of the property include:
- Square feet: 142,160 SF warehouse and 16,048 SF maintenance shop
- Land area: 11.9 acres
- Doors: 16 loading positions
- Access: California State Routes 91 and 60 and U.S. Route 215