A 100.6k sf industrial building in Chino was acquired by affiliates of The Roxborough Group LLC in partnership with Cress Capital. The facility, constructed in 2002, is located at 4331 Eucalyptus Ave, north of Chino Hills Pkwy and just east of the 71 Fwy.
The building offers 28-foot clear heights, nine dock-high doors, eight grade-level doors and 2,000 amps of power. It is well-suited for a variety of operations including light assembly, manufacturing, and research and development.
“4331 Eucalyptus is a modern, highly functional building with exceptional access to both the Los Angeles and Orange County markets” said Nick Bryer, Senior Vice President at Roxborough. “… The Inland Empire market continues to benefit from the confluence of e-commerce growth, supply chain reconfiguration and the reshoring of manufacturing. This is set against a backdrop of near-zero vacancy and an increasingly difficult development environment.”
This acquisition is Roxborough’s first industrial investment and second investment in the Inland Empire. It was acquired through Roxborough Fund III L.P., a $518 mil discretionary fund focused on opportunistic and value-add investments. Cress Capital has been active in the Inland Empire industrial market since 2015 and this property is its fifth industrial acquisition.
Richard Schwartz and Joey Reaume at Colliers supported the partnership in its acquisition and will lead the marketing and leasing work.
http://www.rentv.com/content/southerncalifornia/mainnews/news/29998