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The Dart Facility - Corona 5 Properties in Corona, CA
Investment Highlights
- Limited supply of Class A product with pre-leasing of speculative development.
- Site is zoned heavy and general industrial reducing time to entitle.
- Primary route for BNSF connecting Ports of Los Angeles and Long Beach to rest of country.
- Over 60 acres provides a rare large industrial opportunity of scale.
- Heavy power - 2 individual SCE power feeders that currently supply a total of 12,650 amps.
- A+ location within minutes of the SR-91 and I-15 freeways.
Executive Summary
CBRE, Inc. is pleased to present an exceptionally rare opportunity to acquire The Dart Facility (the "Property"), an approximately 61.2 -acre industrial site featuring ±1,037,699 square feet of existing warehouse improvements, located in the highly desirable city of Corona within the Inland Empire market. The Property was originally developed by Dart Container for its own operations and has remained under single ownership since inception.
The offering provides investors with significant flexibility to either develop a new state-of-the-art industrial park or reposition the existing improvements. A repositioning strategy would allow for the renovation of the existing warehouse along the rail line and the construction of new industrial buildings. Alternatively, a full redevelopment offers exceptional versatility, enabling a wide range of building sizes and configurations to meet evolving market demands. (Conceptual site plans provided in offering memorandum).
In addition, the offering includes Maple Centre, a three-building, multi-tenant industrial park totaling 57,665 square feet. Maple Centre is currently 79% leased to 17 tenants, providing stable in-place cash flow.
Corona lies between Riverside, Orange, Los Angeles, and San Bernardino counties, with two major freeways (I-15 and SR 91) and two major airports within 25 miles, facilitating efficient logistics and market reach. The area remains the first stopping off point for the Orange County tenant base with a heavy focus on manufacturing, distribution, and Owner / Users.
The offering provides investors with significant flexibility to either develop a new state-of-the-art industrial park or reposition the existing improvements. A repositioning strategy would allow for the renovation of the existing warehouse along the rail line and the construction of new industrial buildings. Alternatively, a full redevelopment offers exceptional versatility, enabling a wide range of building sizes and configurations to meet evolving market demands. (Conceptual site plans provided in offering memorandum).
In addition, the offering includes Maple Centre, a three-building, multi-tenant industrial park totaling 57,665 square feet. Maple Centre is currently 79% leased to 17 tenants, providing stable in-place cash flow.
Corona lies between Riverside, Orange, Los Angeles, and San Bernardino counties, with two major freeways (I-15 and SR 91) and two major airports within 25 miles, facilitating efficient logistics and market reach. The area remains the first stopping off point for the Orange County tenant base with a heavy focus on manufacturing, distribution, and Owner / Users.
Property Facts
| Sale Conditions | Individually For Sale | 0 | |
| Sale Type | Investment | Total Building Size | 1,029,255 SF |
| Status | Active | Total Land Area | 172.99 AC |
| Number of Properties | 5 |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 1,029,255 SF |
| Total Land Area | 172.99 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 170 N Maple St, Corona, CA 92880 | Flex | 24,166 SF | 1993 | - |
| 140 N Maple St, Corona, CA 92880 | Flex | 14,119 SF | 1990 | - |
| 1831 Commerce St, Corona, CA 92880 | Flex | 12,040 SF | 2000 | - |
|
Bldg A
150 S Maple St, Corona, CA 92880 |
Industrial | 615,831 SF | 1993 | - |
|
Bldg C
150 N Maple St, Corona, CA 92880 |
Industrial | 363,099 SF | 1993 | - |
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