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Dermody Properties acquires two industrial assets in Southern California
Dermody Properties, a real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired two class A industrial buildings in Southern California. Financial terms were not disclosed.
Located at 7580 and 7630 Cherry Ave. in Fontana, the buildings were completed in 2008 and are currently occupied. Each building features a 30-foot clear height, 18 dock-high doors, two drive-in doors and an ESFR sprinkler system.
The property located at 7580 Cherry Ave. offers 84,364 square feet, and the one at 7630 Cherry Ave. offers 119,087 square feet. The properties are located less than two miles east of Interstate-15, just south of State Route 210 and north of Interstate-10.
“These buildings offer a unique opportunity for manufacturing, warehousing and distribution customers alike to lease class-A logistics space in an area where available inventory is limited,” said Matt Mexia, partner in Southern California for