Excelsior Partners is growing its Inland Empire portfolio. An entity affiliated with the investment firm recently acquired a 40,849 square foot industrial asset in Ontario for $15.5 million, or about $379 per square foot. The property was sold by an entity affiliated with GF Properties, according to Vizzda records.
The property is located at 4001 Greystone Drive and consists of a single building on more than two acres. The property was constructed in 2002 and is occupied by Slogur Enterprise, an auto parts retailer.
The property is situated to the southeast of the Ontario International Airport and is also closely located to Interstate 15 and State Route 60.
The seller, GF Properties, is a wholly-owned subsidiary of the Southern Ute Indian Tribe, according to its LinkedIn page. The company’s portfolio includes a mix of multifamily, office, industrial and retail properties throughout the southwest United States.
Excelsior Partners is a commercial real estate investment company that acquires industrial properties throughout the western United States, primarily in Southern California, its website states.
The firm has been involved in other industrial sales in the past year.
Excelsior Partners previously acquired a 51,976 square foot warehouse building in Montclair for $19.77 million, or about $380 per square foot. The property, located at 10588 Monte Vista Ave., was sold by an entity affiliated with ATG Electronics Inc.
