GID, a real estate owner and fiduciary investing in multiple asset classes, has acquired 401 Alabama St., a Class A multi-tenant industrial warehouse located in the Inland Empire community of Redlands. The acquisition price was not disclosed.
The 95,500-square-foot building offers access to Southern California’s dense population centers including Los Angeles, Orange, San Bernardino and Riverside Counties. Constructed in 2017 with 12 docks (including three drive-ins) and 30 foot clear heights – the property is 100% triple net leased to Camso USA and Alli & Rose with 3.4 years WALT at below market rents according to CBRE who arranged the sale for GID’s second industrial acquisition in Southern California following their recent purchase of a three building industrial park within East San Gabriel Valley area.
