Fontana, California – We were seeking Distribution Centers and NNN Commercial Real Estate Sale-Leasebacks. We started looking in Southern California, more specifically the (IE) Inland Empire. We saw that the Jasmine Distribution Center recently sold in the Inland Empire. The NNN Commercial Real Estate transaction was a joint venture (JV) with American Realty Advisors and BlackRidge Real Estate Group, LLC. The Commercial Real Estate Investment Property is approximately 402,539 square feet of space to be leased. The Inland Empire also known as the (I.E.),, is a major metropolitan area. This area is very suitable with choices for a 1031 Exchange. The Inland Empire area is centered around the cities of Riverside and San Bernardino in Southern California. As a metropolitan area, Inland Empire, is the third largest in the state of California, and is the fifth largest in the state.
Sell Your Investment Property
The Commercial Real Estate was located at 10721 Jasmine Street, in Fontana, California. This Commercial Real Estate Investment Property was built in 1991. The Commercial Real Estate Investment Property is a freestanding, concrete tilt-up industrial building. Some amenities of this Commercial Real Estate Investment Property are that it has 30-foot clearance, 50 dock-high doors, and two ground-level ramps. This Commercial Real Estate Investment Property also has power for this sided building with 3,000 amps of electrical service. The Commercial Real Estate Investment Property is situated on a 17 acre parcel or some reports have it sitting on 698,702 Square feet which amounts to 16.3 acres. The Commercial Real Estate Property is currently not leased.
Investments with Joint Ventures
The Commercial Real Estate Building involved in the joint venture was purchased for $15.7 million, or $39.1 per square foot. The Jasmine Distribution Center has the potential for a separate Trail Parking area. This extra parking area is located on the east side of the Commercial Real Estate Investment Property. The Buyers of this Commercial Real Estate Investment Property are expected to renovate this Jasmine Distribution Center. The Commercial Real Estate Investment Property also contains 22,000 square feet of office space for lease.
Credit Tenants for Net Leases
The Commercial Real Estate Buyers believe that the planned renovation is completed, that they will be able compete with other Class A industrial properties. This Commercial Real Estate in the Inland Empire West submarket should be prime for Tenants in a net-lease. The Commercial Real Estate Investment Property is very well located in the heart of the Inland Empire. The Inland Empire is widely considered to be the logistics capital of North America. The Commercial Real Estate Investment Property has convenient access to the I-10 highway, I-15 Highway and CA-60.
American Realty Advisors is a California corporation and is an SEC-registered investment advisor under the Investment Advisers Act of 1940. American Realty Advisors is a one of the leading providers of commercial real estate investment management services to institutional investors. American Realty Advisors currently has more than $3.3 billion in assets under management. American Realty Advisors has provided innovative commercial real estate solutions to institutional investors for over 22 years. American Realty Advisors has a Commercial Real Estate Investment portfolio that includes office Buildings and industrial properties. American Realty Advisors’ Commercial Real Estate Investment portfolio also has multi-family apartment buildings, and triple net lease properties located nationwide.
Contact us today to sell your net lease properties, purchase NNN Property or for 1031 exchange opportunities.
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