Ocean West acquires $100m in logistics properties, totals 1.83msf
Ocean West Capital Partners has paid $100 million for five logistics-focused properties, totaling 1.83 million square feet in the Inland Empire and Central Valley markets of California.
The recent purchases include a 921,729-square-foot industrial outdoor storage (IOS) portfolio comprising four properties on 21.2 total acres located in the desirable San Bernardino and Fontana submarket in Inland Empire. The properties were recently constructed in 2023 and feature top-of-the-line improvements for industrial outdoor storage uses including 604 total trailer stalls, concrete pavement, new fencing and lighting, a 12,000-square-foot maintenance facility and efficient layouts. All of the properties have been recently fully permitted by their respective municipalities to allow for outdoor storage uses, including the highly sought-after trailer storage use, and are currently available for lease.
“The Inland Empire is one of the most sought-after markets within the IOS sector