Institutional quality distribution building located in the Southern California (Inland Empire) within a short drive of Los Angeles, Orange County, and San Diego. Temecula represents a strategic logistics hub with direct access to a large labor pool and features a nominal 2% market vacancy rate.  The property is 100% leased anchored by a leading multinational medical devices and health care company.

• Purchased for $40.75M ($178/SF) in July 2021
• Acquired 229,000 SF industrial building located in Southern California within a short drive of Los Angeles, Orange County, and San Diego representing a strategic logistics hub with direct access to a large labor pool and features a nominal 2.07% market vacancy rate
• 100% leased including 192,000 SF (84% of rentable square feet) to investment grade credit tenant Abbott Laboratories (NYSE: ABT | S&P Credit Rating A)
• Attractively designed institutional quality distribution building constructed in 1998 with 26’ clear heights, ESFR sprinklers, 27 dock doors, and HVAC in 84% of the building