{"id":1004153658,"date":"2016-09-27T08:45:24","date_gmt":"2016-09-27T16:45:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004153658"},"modified":"2022-03-04T05:12:55","modified_gmt":"2022-03-04T13:12:55","slug":"inland-empire-industrial-asset-switches-owners-as-market-booms","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-empire-industrial-asset-switches-owners-as-market-booms\/","title":{"rendered":"Inland Empire Industrial Asset Switches Owners as Market Booms"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<p><strong>Rancho Cucamonga, Calif.<\/strong>\u2014A seven-building, multi-tenant <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\" rel=\"noopener\">industrial<\/a>\/flex business park in the Inland Empire has been acquired by <a href=\"https:\/\/www.focusre.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Focus Real Estate<\/a> in a deal arranged by Voit Real Estate Services. Arrow Business Park in Rancho Cucamonga was sold by Essex Arrow LLC for a fee of $15.4 million. <a href=\"https:\/\/www.voitco.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Voit Real Estate Services<\/a> representatives Frank Geraci, Juan Gutierrez and Mike Bouma arranged the transaction on behalf of both parties involved.<\/p>\n<div id=\"attachment_1004153659\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004153659\" data-attachment-id=\"1004153659\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inland-empire-industrial-asset-switches-owners-as-market-booms\/arrow-business-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg\" data-orig-size=\"1202,801\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Arrow Business Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Arrow Business Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg?w=1024\" class=\"wp-image-1004153659 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg\" alt=\"Arrow Business Park\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg 1202w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Arrow-Business-Park.jpg?resize=1024,682 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004153659\" class=\"wp-caption-text\">Arrow Business Park<\/p><\/div>\n<p>Located at 9047-9087 Arrow Route in Rancho Cucamonga, Calif., the business park offers a total of 136,806 square feet of industrial\/flex space. The seven-building park is divided into 69 units that range in size between 240 and 12,650 square feet.<\/p>\n<p>The Inland Empire\u2019s industrial market is going through one of its best ever spells in terms of development and net absorption. Current industrial vacancy in the Rancho Cucamonga submarket is under 2 percent, well under Arrow Business Park\u2019s current vacancy rate of roughly 24 percent. The 28-year-old asset offers 16\u2019 to 24\u2019 warehouse clearance heights, ground level loading, as well as a 35 percent build-out. The asset provides ample parking, as well as access to the I-210, I-15, and I-10, all of them crucial to freighting for the area.<\/p>\n<p><em>Image courtesy of Voit Real Estate Services<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voit intermediated the transaction between Focus Real Estate and Essex Arrow. <\/p>\n","protected":false},"author":41,"featured_media":1004153659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,21783,1594,21742,15],"tags":[],"class_list":["post-1004153658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-investment","category-los-angeles","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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