Realterm Acquires Fully Leased Fleet Maintenance Facility in Rancho Cucamonga, California
26,800-square-foot facility sits on 15.24 acres
Annapolis, Md. (June 8, 2022) – Realterm announces the acquisition of a fleet maintenance facility located on 15.24 acres at 8566 Pecan Avenue, Rancho Cucamonga, Cali. The property features a 19,800-square-foot of shop space with 22 bays and a two-story 7,000-square-foot office, as well as a 4,500-square-foot onsite fuel station.
The property is in the Inland Empire West submarket of Southern California which has a vacancy rate of less than one percent. As one of the largest fleet maintenance facilities in the region, it is completely secured, provides additional parking at the entrance, and is located directly next to I-15 and I-10.
“The Inland Empire is known as one of the most highly sought-after high flow through industrial markets in the country,” said Stephen Panos, Managing Director and Fund Manager, Realterm. “As a best-in-class fleet maintenance facility, 8566 Pecan Avenue is an excellent addition to our portfolio.”
The property is ideally situated to service the dense population of the entire Inland Empire Market. It is only six miles to the Ontario International Airport and just under nine miles from Union Pacific Intermodal.
“This property is well situated next to key transit nodes and has compelling industrial storage characteristics we seek,” said TJ Cameron, Associate Vice President, West Region Acquisitions, Realterm. “We recently attained two other properties within a five-mile radius making this an extremely strategic acquisition.”
Highlights of 8566 Pecan Avenue include:
• Square feet: 26,800 SF
• Land area: 15.24 acres
• Loading positions: 22
• Access: I-15 and I-10
Photos of the facility can be found here and credited to iStock.
Realterm is an independent global investment manager focused on the transportation industry. We acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea & rail networks in North America, Europe and Asia. Realterm currently manages over $11 billion in assets through five transportation logistics-oriented private equity funds: Realterm Airport Logistics Properties (RALP), an open-end fund investing into high flow-through (HFT) on-airport logistics real estate throughout North America; Realterm Logistics Income Fund (RLIF), an open-end, core-plus fund, and the Realterm Logistics Fund (RLF) series, a closed-end, value-added fund series, both of which invest into HFT surface transportation logistics real estate throughout the U.S.; Realterm Europe Logistics Fund (RELF), a closed-end, value-added fund series investing into HFT logistics real estate throughout Europe; and Indospace Logistics Parks (ILP), a closed-end, opportunistic fund series investing into warehouse and logistics real estate throughout the top industrial markets in India.