CapRock Partners secures $32.9m in financing for industrial asset in San Dimas, Calif.
CapRock Partners announced that it has secured $32.9 million in financing for 300 East Arrow Highway, a single-tenant industrial building totaling 165,070 square feet in San Dimas, Calif.
JLL worked on behalf of the borrower to secure the non-recourse loan.
300 E. Arrow Highway is fully leased to Western Pacific Storage Solutions, a company specializing in the engineering and manufacturing of industrial storage solutions, shelving systems and material handling. The company has occupied the space for its manufacturing operations since 2001.
Built in 1972 and expanded in 1989, the building features 15 dock-high doors and one ground-level door, a 130-foot secured truck court and multiple points of ingress/egress. It offers ample parking, 4,000A/480V power and a two-story office with approximately 21,000 square feet.
The property provides prime visibility as well as quick access to the nearby State Route 57, State Route 60, Interstate 210 freeway and Ontario