CapRock Partners acquired 300 E. Arrow Hwy., a 165,070-square-foot single-tenant industrial building in San Dimas, on an all-cash basis from an undisclosed investor. Terms of the deal were not disclosed.
Bob O’Neill, SVP of acquisitions at CapRock Partners commented: “The San Gabriel Valley plays a prominent role in Southern California’s logistics and warehousing sector and current economic conditions are creating attractive investment opportunities for us to pursue strategic investments that meet our criteria and provide risk adjusted returns for our institutional investors.”
300 E. Arrow Hwy is fully leased to long term tenant Western Pacific Storage Solutions who have been occupying the space since 2001 for their manufacturing operations; they specialize in engineering and manufacturing industrial storage solutions, shelving systems as well as material handling equipment.
The transaction was facilitated by CBRE’s National Partners team led by Barbara Perrier, Darla Longo & Rebecca Perlmutter .
