CapRock Partners has recently completed the sale of West Valley Logistics, a state-of-the-art industrial warehouse located in Walnut. The LEED certified building spans 270,000 square feet and is situated within the highly sought-after San Gabriel Valley area, which is known for its limited availability of industrial space.
The Newport Beach-based company acquired the 12.5-acre property in 2020 and proceeded to develop West Valley Logistics on spec. In December of this year, CapRock sold the vacant building to a Southern California-based alternative fashion company that plans to use it as their corporate headquarters and for business operations.
Although CapRock has completed the sale, they will continue to be involved in customizing the interior of the building according to their buyer’s needs. They will also assist with designing and constructing tenant improvements as needed. The terms of this transaction have not been disclosed at this time.
According to Taylor Arnett, Senior Vice President of Acquisitions at CapRock Partners: “In recent years we have seen an increase in owner-user buyers acquiring premium facilities that cater specifically towards their business needs.” He further stated that “the successful sale of West Valley Logistics perfectly exemplifies this trend.”
Stream Realty represented CapRock Partners during negotiations with Matt Moore,Wes Hunnicut,and Michael Torres leading on behalfofthe firm.Thebuyerwasrepresentedby Mike HartelandNickVelasquezatColliersInternational.This latest development showcases how companies are increasingly investinginpremiumindustrialfacilitiesthatcansupporttheirbusinessoperationsandhelpthemgrowsuccessfullyinthesoutherncaliforniamarket.
