Unrelenting demand for tight industrial space appears to be keeping deal pricing at a vigorous level in the Inland Empire, which has had no measurable warehouse vacancies for several months.
KKR underlined this point this week when it acquired a 281K SF warehouse at a key transit point in the Inland Empire for $135.6M from Parker House Furniture.
The Class A industrial building, which was built in 2017 and features a 148-truck court, is located in Eastvale, CA. The facility is in proximity to Interstate 15 and within 60 miles of Los Angeles International Airport and the ports of LA and Long Beach.
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