February 02, 2022 -- Triten Real Estate Partners has expanded their nationwide Industrial Service Facility (ISF) portfolio with a recent off-market acquisition in the core pocket of ISF in Inland Empire West, California. The acquisition consists of a 4.77 acre, fully fenced and gated, multi-tenant freight facility with a 20,000 square foot warehouse located on Almond Avenue near Slover Avenue, just south of Interstate 10 and in the heart of Inland Empire and Southwest Industrial Park. The property has convenient and immediate access to Interstate 10 and Interstate 15, and 50 miles east from the Port of Long Beach/Los Angeles.
Jonathan Pauls of Lee & Associates Riverside managed the transaction for the Triten.
“Inland Empire is the highest in-demand pocket within the ISF sector. The proximity to major users and the Port of Los Angeles and Long Beach makes Inland Empire the strongest industrial market in the United States,” says Charles Lintakoon, principal at Triten Real Estate Partners. “With vacancy in the area less than 1.0%, it is a core market that Triten will continue to grow and develop our portfolio.”
Demand in the Inland Empire continues to increase and new development has been unable to match the increasing demand. Propelled by the continued growth in e-commerce and persistent supply chain congestion, there is no end in sight for the growth of ISF in this market and across the country. 10771 Almond Ave is the first acquisition for Triten in the Inland Empire and there is a strong focus on adding additional sites in this market. Triten currently owns close to 250-acres in markets across the country including Atlanta, Dallas, Phoenix, Savannah, Houston and Kansas City.
Triten has a $400 million institutional fund to acquire ISF properties over the next two years. In 2021, Triten has acquired over 300 acres of ISF properties consisting of freight facilities, outdoor storage, LTL terminals, and truck parking locations.