March 4, 2019
A newly-constructed, 120,576 square-foot freestanding industrial facility in Rialto, CA has been sold for $15.9 million. The seller was Compass Danbe Real Estate Partners LLC, while the buyer was 1450 Alder Avenue, LLC, which subsequently leased out the property to its affiliate, Magnolia Foods, a Mira Loma-based manufacturer and distributor of high-quality food products.
The facility at 1450 Alder Ave. features 22 dock-high loading doors, an ESFR fire sprinkler system, 32-foot minimum ceiling clear heights, a 181-foot truck court, 2,000-amp electrical services, and 6,000 square-feet of two-story office, among other amenities.
Voit Real Estate Services’ Walt Chenoweth and Sean Sullivan represented the buyer. Voit Real Estate Services’ Juan Gutierrez, Frank Geraci, and Adam Geiger advised the seller.
Situated in a newly-developed business park within the Renaissance master-planned development of Rialto, the building offers immediate access to the I-210 freeway, and is close to the 210/15 freeway interchange.
For comments, questions or concerns, please contact Dennis Kaiser