Rialto Industrial Warehouse Lease completed by Lee Chang group and valued at $5 million. Richard Lee and Nicholas Chang of the Lee Chang Group, along with John Boyer and Kelly Disser of the Chicago NAI Hiffman Group, represented the tenant in this transaction.
Located at 206 Lilac Avenue, this 89,600 square foot light industrial warehouse space is located on seven acres of property and has all of the flexibility demanded by the new tenant, United Pipe and Steel Corp. The property includes a fenced in yard and 358 parking spaces for employees. The 14 dock high doors and three drive in loading areas were exactly what the tenant needed to effectively run their business.
Industrial real estate Rialto CA continues to be in high demand. Companies from all industries enjoy the benefits of low square footage costs in the Inland Empire and the easy access this area provides to different shipping methods. Businesses located within this area are close to the Long Beach and Los Angeles Ports, the train system, and the trucking industry.
This lease represented a ten year term and was valued at just over $5 million. The terms of the lease exceeded the expectations of both the landlord and the new tenant. All parties involved were pleased to complete this transaction.
The Lee Chang Group is pleased to be one of the leading real estate firms handling industrial real estate Rialto CA and in all other areas of the Inland Empire. The Group has built a reputation as being the “go-to” agents in the Inland Empire.
The Lee Chang Group has created a superior marketing plan which allows them to provide very effective tenant representation, as well as representing sellers, buyers, and landlords. It is not unusual for the Group to partner buyers and sellers or landlords and tenants in record time and for final prices that is beneficial to all parties involved. The Group prides itself on working with clients from around the United States as well as around the globe. This broad base of clients is what helps make the Lee Chang Group so successful.
The Inland Empire has been designated as one of the largest growth areas for industrial and commercial warehouse space in the country. Growth rates in this area are expected to exceed national averages for the foreseeable future due to the available open land and the low cost for properties.
As more companies convert to online sellers and more manufacturers and suppliers are needed to help meet this demand, the commercial space in Rialto and surrounding areas will continue to be in demand. Major retailers like Amazon and Wal-Mart have already secured several properties within the Inland Empire because it is a prime location at an affordable price.
The lee Chang Group will continue to dominate this industry with record breaking deals for all parties involved in the real estate transactions. It is not uncommon for the group to secure properties for buyers in just a few days while getting full price or higher for the seller at the same time. They have also excelled in securing perfect lease agreements for companies throughout the Inland Empire.
Light Industrial Warehouse Lease Full Details
- Tenant/Buyer: United Pipe and Steel Corp
- Landlord/Seller: Rialto Circle 142, LLC
- Property Type: Light Industrial
- Region: Inland Empire
- County: San Bernardino County
- City: Rialto, CA
- Property Size: 89,600 square foot
- Clear Ceiling Height: 18 ft
- Parking Spaces: 358
- Dock-High Doors/Loading: 14
- Drive In / Grade-Level Doors: 3
- Closest Freeways/Highways Exposure: Pomona Freeway (CA-60)
- Closest Ports: Port of Long Beach
- Value: $5,079,420
- Terms: 10 Year Gross Lease
- NAI Capital, Lee Chang Group Agents: Richard Lee, Nicholas Chang
- Property Address: 206 Lilac Avenue