September 12, 2016 Comments Off on Voit Handles $15.4M Industrial/Flex Sale Views: 363 California News, Inland Empire, West

Voit Handles $15.4M Industrial/Flex Sale

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Voit Real Estate Services completed the sale of Arrow Business Park, a 136,806-square-foot industrial/flex business park in Rancho Cucamonga, CA for $15.4 million. The seven-building multi-tenant business park consists of 69 units, ranging in size from 240 to 12,650 square feet.

Voit’s Frank Geraci, Juan Gutierrez and Mike Bouma represented both buyer, Focus Real Estate, and seller, Essex Arrow LLC, in the transaction

Geraci notes, “There’s been no new multi-tenant industrial business parks built in the last 15 years in the local market, which has high land and construction costs, as well as demand at an “all-time high.” That’s resulted in a significantly limited available supply of new multi-tenant industrial product, and “upward pressure on lease rates for this product type.”

Connect with Voit’s Geraci

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