SOLD

NORTHPOINT COMMERCE INDUSTRIAL PARK

Rare Class-A Industrial Portfolio, 119,431 Square Feet

500 & 700 Burning Tree Road | Fullerton, California


INVESTMENT SUMMARY
  • Two Core Buildings
  • 100% Leased through 2025
  • Irreplaceable Infill Location
  • Ideal for Last-Mile E-Commerce Fulfillment

Cushman & Wakefield of California, Inc. is pleased to offer for sale Northpoint Commerce Industrial Park (“the Project”), two Class “A” industrial buildings totaling 119,431 square feet located in Fullerton, California. Situated within the 47-acre master-planned Northpoint Commerce Center, the Project is 100% leased long term to two exceptional tenants, Iron Mountain and Sunrise Produce, through 2025.This opportunity is being offered unpriced on an “as-is” basis for the fee interest in the buildings and land thereunder. This offering is a highly attractive
opportunity to acquire two fully leased industrial assets in the North Orange County submarket, one of the most attractive infill industrial markets in the nation.


Northpoint Commerce Industrial Park Front


Northpoint-Commerce-Industrial-Park-Front2
Northpoint-Commerce-Industrial-Park-Aerial2

 

“A+” Location

The Project boasts one of the top logistical locations in Southern California with direct access to all major freeways via the I-5 and SR-91, both less than three miles away. Also, the Ports of Long Beach and Los Angeles, the largest port complex in North America, is situated only 25 minutes to the west of the Properties.

Class “A” Buildings in a Master-Planned Industrial Project

Both buildings have excellent industrial features including massive truck courts, secure fenced yards,  high warehouse clearance, heavy power, and ample loading.  Additionally, the Project is situated within the 11-building, 47-acre master-planned Northpoint Commerce Center which was developed by Catellus Corporation in 1991.

100% Leased Long Term

The Project is 100% leased to two high quality tenants through 2025. Iron Mountain has occupied their facility since it was built in 1991 and owns the adjacent building, both of which are indicative of their  commitment to Northpoint Commerce Center. Sunrise Produce signed a 10 year lease in 2015 and has invested significant capital into the building to expand the existing refrigerated dock area along with the freezer and cooler storage areas.

Exceptionally Strong Industrial Fundamentals

With a Q2 2017 vacancy rate of just 1.6%, industrial rents in the North Orange County submarket are up more than 8% year-over-year. The current vacancy rate for Fullerton is 2.6%, down 130 bps from mid-year 2016.


 

 

Investment Advisors

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

Rick Ellison
Executive Managing Director
949.930.9231
rick.ellison@cushwake.com
License 01196428

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

Bryce Aberg
Executive Director
858.546.5462
bryce.aberg@cushwake.com
License 01313484

 

Market Advisor

Randy Ellison
Director
949.930.4372
randy.ellison@cushwake.com
License 01469586