Multi Unit Industrial Business Complex sells for $20.25 million. The Lee Chang Group represented the seller, PanCAL ADC, LLC in this transaction. This beautiful multi-tenant complex is the Airport Distribution Center located at 1500-1590 Milliken Avenue. This location is in the heart of the California Commerce Center, a 4,000 acre master-planned commercial and industrial community.
The complex consists of 30 individual units with a total of 221,000 square feet. Ceiling heights are 22 feet, making them perfect for storage or machinery. Each unit has a loading dock and grade level door. The complex has 440 parking spaces, ensuring that there is ample room for employees and clients at each of the units.
The complex has access to the Pomona and San Bernardino freeways, the Port of Long Beach, and the train and trucking industries. Accessibility to these transportation methods has made this area very desirable for manufacturers and distributors that want to move their products quickly and effectively. The Inland Empire has become nationally renowned as the perfect industrial area due to access to these transportation methods as well as the significantly lower square footage costs compared to other areas of California and the United States.
The Lee Chang Group was able to secure a buyer for this property in record time. Using their extensive base of potential clients, and superior marketing skills to reach new buyers, they were able to find the right buyer for the complex in a very short time. The buyer, Guthrie Development Company quickly made an offer on the property that met the expectations of the seller.
The Lee Chang Group is a leading commercial and industrial real estate broker firm located within the Inland Empire. The Group offers buyer, landlord, tenant, and seller representation services. In addition to these services, the Lee Chang Group has an extensive network of investors, both national and international, that they represent for real estate transactions. The Lee Chang Group can also provide you with property valuation services as well as other services related to this industry.
Multi-Tenant Industrial Property Sale
- Tenant/Buyer: Guthrie Development Company
- Landlord/Seller: PanCal ADC Irvine, LLC
- Property Type: Multi-Tenant Industrial
- Region: Inland Empire West
- County: San Bernardino County
- City: Ontario, CA
- Property Size: 221,000 square foot
- Clear Ceiling Height: 22 ft
- Parking Spaces: 440
- Dock-High Doors/Loading: 30
- Drive In / Grade-Level Doors: 30
- Closest Freeways/Highways Exposure: Pomona Freeway (CA-60) and San Bernardino Freeway (I-10)
- Closest Ports: Port of Long Beach
- Value: $20,250,000
- Terms: sale
- NAI Capital, Lee Chang Group Agents: Richard Lee, Nicholas Chang
- Property Address: 1500-1550-1590 S. Milliken Avenue