Realterm acquires sizeable, secured storage facility in Inland Empire

Realterm acquires sizeable, secured storage facility in Inland Empire

Hardly ever accessible 8.19-acre website with 206 trailer stalls added to Realterm’s rising Southern California portfolio

Annapolis, Md. (October 18, 2022) – Realterm publicizes it has acquired 1408 E. Franklin Avenue in Pomona, Calif., an 8.19-acre secured storage facility that gives 206 trailer stalls. The absolutely lit, secured and paved property additionally has a 5,648-square-foot workplace constructing and a 4,000-square-foot store constructing.

“The Inland Empire stays a high nationwide submarket and one of the provide constrained in Southern California,” TJ Cameron, Affiliate Vice President, West Area Acquisitions, Realterm. “Because of this, the demand is powerful for giant, safe storage yards reminiscent of 1408 E. Franklin Avenue and in a market the place rents are on the rise.”

In response to a latest Colliers market report, the emptiness price within the Inland Empire is just one.1 p.c and asking rents have doubled up to now 24 months. 1408 E. Franklin Avenue presents quick access to the densely populated area through CA-60, CA-71 and I-10.

“This property has key differentiating elements. It’s entitled for truck and trailer storage, it’s bigger than 5 acres and it presents superior freeway accessibility,” mentioned Ed Brickley, Managing Director and Senior Fund Supervisor, Realterm. “It’s ideally located to service the concentrated person pocket of the complete Inland Empire market the place it’s troublesome to search out giant, entitled and accessible secured storage amenities. This is a wonderful addition to our rising portfolio of properties in Southern California.”

Highlights:

 Land space: 8.19 acres

 Sq. toes: 5,648 SF workplace constructing and 4,000 SF store constructing

 Entry: CA-60, CA-71, I-10 and Ontario Worldwide Airport

The deal was brokered by Jace Gan of Colliers Worldwide.

A picture of may be discovered right here and credited to Realterm.

About Realterm

Realterm is an unbiased world funding supervisor targeted on the transportation trade. We purchase, develop, finance and handle differentiated actual property and infrastructure belongings serving land, air, sea and rail networks in North America, Europe and Asia. Realterm at the moment manages over $13 billion in belongings throughout six transportation logistics-oriented personal fairness fund sequence: Realterm Airport Logistics Properties (RALP), an open-end, core-plus fund investing into excessive stream by way of (HFT®) on-airport logistics actual property all through North America; Realterm Logistics Revenue Fund (RLIF), an open-end, core-plus fund, and the Realterm Logistics Fund (RLF) Sequence, a closed-end, value-added fund sequence, each of which make investments into HFT floor transportation logistics actual property all through the U.S.; Realterm Europe Logistics Revenue Fund (RELIF), an open-end, core-plus fund, and Realterm Europe Logistics Fund (RELF), a closed-end, value-added fund sequence, each of which make investments into HFT logistics actual property all through Europe; and IndoSpace Logistics Parks (ILP), a closed-end, opportunistic fund sequence investing into warehouse and logistics actual property all through the highest industrial markets in India.