SOLD

KNOX LOGISTICS CENTER

State-of-the-Art Class-A Industrial Facility, 147,354 Square Feet

17618 Harvill Avenue | Riverside, California


INVESTMENT SUMMARY
  • Scarce Class “A” Industrial Product
  • State-of-the-Art Facility
  • Exceptional Freeway Access
  • 100% Leased Long Term

Cushman & Wakefield National Industrial Advisory Group is pleased to offer for sale Knox Logistics Center (“the Property”), a brand new 100% leased core industrial building totaling 147,354 square feet located in Riverside, California. Completed in 2017 and situated on over 8 acres, the Property is leased long term to Hardwoods Specialty Products through July 2028. This opportunity is being offered unpriced on an “as-is” basis for the fee interest in the building and land thereunder.

This investment offering is a terrific opportunity to acquire a brand new fully leased Class-A industrial asset in the Inland Empire, one of the most desirable industrial markets in the nation.


 

“Scarce Class-A Industrial Product

Built in 2017, the offering represents a state-of-the-art industrial facility located in a highly desirable Inland Empire location with significant barriers to entry and limited new development options.

State-of-the-Art Facility

The Property has exceptional industrial features including 32’ clear height, a large secure truck court, ample trailer parking, ESFR, abundant loading, and drive around access. This Property “checks all the boxes” for a core industrial investment opportunity.

Exceptional Freeway Access

Immediate access to the Southern California freeway system is provided via north/southbound ramps at the I-215 Freeway at Harley Knox Blvd., just a 1/4 mile east of the Property.

100% Leased Long Term

The Property is 100% leased through July 2028 to Hardwoods Specialty Products. Hardwoods Specialty Products is North America’s premier wholesale distributor of hardwood lumber, plywood, MDF, melamine, particleboard and specialty products to the industrial and retail markets.

Thriving Industrial Market

Market fundamentals remain strong in the Inland Empire East (IEE) with robust occupancy gains and significant new leasing activity. From 2014-2016, over 32.2 million SF was absorbed in the IEE, including a record 12.3 million SF in 2014. This positive trend has continued in 2017 as move-ins by Monster Energy and NFI Industries contributed to a year-to-date total of 8.5 msf, 57% of
the entire IE’s total absorption.


Investment Advisors

Jeff Chiate
Executive Managing Director
949.930.9234
jeff.chiate@cushwake.com
License 01040222

Jeffrey Cole
Executive Managing Director
949.955.7652
jeff.cole@cushwake.com
License 00833681

Ed Hernandez
Director
949.930.4380
ed.hernandez@cushwake.com
License 01048813

Mike Adey
Senior Associate
949.930.4376
mike.adey@cushwake.com
License 01921139

Nico Napolitano
Associate
949.955.7642
nico.napolitano@cushwake.com
License 01962860

Market Advisors

Bill Helm
Lee & Associates
909.373.2901
bhelm@lee-assoc.com
License 00776174

Alex Helm
Lee & Associates
909.373.2701
ahelm@lee-assoc.com
License 01945521

Nesha Ritchie
Lee & Associates
909.373.2942
nritchie@lee-assoc.com
License 01936359