Alere Property Group has acquired 8700 White Oak Ave., a 72,051-square-foot, single-tenant distribution warehouse in Rancho Cucamonga, Calif. The property is well-located in the Inland Empire West submarket, accessible to the region’s vast logistics transportation routes and includes design elements ideal for last-mile distribution. The building is currently occupied by a third-party logistics (3PL) user. Terms of the transaction were not disclosed.
“The property represents a unique opportunity to acquire a well-configured industrial asset with a first-rate tenant at below replacement cost. Alere continues to seek investment opportunities in top-tier locations throughout Southern California that offer exceptional functionality, accessibility and efficiency,” said Alan Carmichael, senior vice president of investments at Alere Property Group.
Completed in 2000, 8700 White Oak Ave. sits on 4.37-acres and features a secured, drive-around yard with two points of ent
