A new, state of the art industrial asset totaling 92,275 square feet has hit the market in Upland. The property, which is located at 2068 W. 11th Street, offers a mix of office and warehouse space, according to the listing by Ashwill Associates.
The majority of the property is warehouse space. However, the building also offers 5,500 square feet of fully finished office space and 2,750 square feet of mezzanine office space. Additionally, the property includes 11 dock high loading doors and one grade level loading door as well as a secured truck court and yard area.
The property is located just east of both Pomona and Claremont Mckenna Colleges. The property is easily accessible via Route 66 as well as nearby Interstate 10. In addition, the property is near a variety of shopping and dining amenities.
While fully vacant, the property has potential to serve an owner/user or be purchased by an industrial investor.
Upland is located within San Bernardino County, one of Southern California’s top performing industrial markets. In general, the Inland Empire has become one of the leading industrial markets across the United States. According to a recent fourth quarter industrial market report by JLL, the vacancy rate in the Inland Empire has dropped to just 0.6 percent. At the same time, rents in 2021 grew by nearly 60 percent due to the lack of availability. While developers continue to put out new industrial product, the report showed that most are pre-leased during construction. Currently, there is 27.6 million square feet of under-construction industrial product in the Inland Empire.
Ashwill Associates did not respond to requests for comment.
