EverWest Real Estate Investors, an investment firm based in Denver, is expanding its reach across Southern California. According to public records, the firm recently acquired a 100,815 square foot industrial building in Montclair for $37 million, or about $367 per square foot. The seller in the transaction was an entity tracing to Scott Chen.
The property is located at 10628 Central Ave. and consists of a single building on nearly four acres of land. The building was constructed in 2020 and is currently leased to Oconca Shipping, which provides international shipping and transportation services.
The building is situated in the southern portion of Montclair, west of Ontario International Airport. Nearby are a mix of retail, commercial and industrial properties, with neighboring businesses including Cardenas Market and Ayres Self Storage.
EverWest is a real estate investment advisor and operator with a portfolio spanning 19.5 million square feet across 21 markets. The firm also maintains $5.2 billion in assets under management, and has several regional offices in cities, such as New York City, Charlotte, Austin, Los Angeles and San Francisco.
The company has been busy in the Inland Empire over the last several quarters. In November, the company acquired a 120,651 square foot industrial building in Ontario. The property was sold by an entity linked to Penwood Real Estate Investment Management and EBS Realty Partners for $55 million. The property is located at 1925 South Grove Ave. and is part of the larger Grove Ontario Commerce Center, according to The Registry’s previous reporting.
