Key Takeaways
- • Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, acquired a 133,115-square-foot Class A distribution facility in Fontana, California, valued at $25.5 million, located at the strategic intersection of Interstates 10 and 15 in the Inland Empire West submarket.
- • The facility, built in 2020 and situated within Southwest Industrial Park (SWIP), is fully leased through 2028 with in-place rents below market rates, providing immediate cash flow stability and upside potential as regional fundamentals improve.
- • The property offers institutional-grade specifications including 32-foot clear height, 18 dock-high doors, 6,000 square feet of office space, ESFR sprinkler system, and full drive-around capability, positioning it for modern distribution demands.
- • The location provides access to over 14 million consumers within a 50-mile radius, capitalizing on the Inland Empire's status as a highly sought-after, land-constrained logistics market critical to West Coast supply chains.
Summary
Bridge Logistics Properties announced the acquisition of a 133,115-square-foot Class A distribution facility located at 10740 Banana Ave. in Fontana, California, within the Inland Empire West submarket. The property was valued at $25.5 million according to San Bernardino County assessment records. BLP, a subsidiary of Bridge Investment Group Holdings, completed this off-market transaction targeting one of Southern California's most strategically important logistics corridors.
The asset, constructed in 2020, occupies prime real estate within Southwest Industrial Park (SWIP), recognized as one of the most highly sought-after and land-constrained logistics markets in the Inland Empire. The facility's location at the convergence of Interstates 10 and 15 provides exceptional market access, serving more than 14 million consumers within a 50-mile radius. This geographic positioning is critical for last-mile distribution networks supporting the greater Los Angeles and Southern California region.
The facility features modern, institutional-grade specifications engineered for contemporary distribution operations. Key physical attributes include 32-foot clear height, 18 dock-high doors, a secured 135-foot concrete truck court with full drive-around capability, approximately 6,000 square feet of office space, and an ESFR sprinkler system. These specifications align with current tenant requirements for efficient, scalable warehouse operations.
The acquisition is structured with favorable lease fundamentals: the building is fully leased through 2028, providing stable, predictable cash flow during a period when market conditions are expected to strengthen. Notably, current in-place rents remain below market rates, creating significant value-capture opportunities for the new owner as regional logistics demand and pricing pressure normalize. This positioning allows BLP to benefit from both lease continuity and future rental rate expansion within a supply-constrained submarket experiencing sustained institutional capital interest.
The asset, constructed in 2020, occupies prime real estate within Southwest Industrial Park (SWIP), recognized as one of the most highly sought-after and land-constrained logistics markets in the Inland Empire. The facility's location at the convergence of Interstates 10 and 15 provides exceptional market access, serving more than 14 million consumers within a 50-mile radius. This geographic positioning is critical for last-mile distribution networks supporting the greater Los Angeles and Southern California region.
The facility features modern, institutional-grade specifications engineered for contemporary distribution operations. Key physical attributes include 32-foot clear height, 18 dock-high doors, a secured 135-foot concrete truck court with full drive-around capability, approximately 6,000 square feet of office space, and an ESFR sprinkler system. These specifications align with current tenant requirements for efficient, scalable warehouse operations.
The acquisition is structured with favorable lease fundamentals: the building is fully leased through 2028, providing stable, predictable cash flow during a period when market conditions are expected to strengthen. Notably, current in-place rents remain below market rates, creating significant value-capture opportunities for the new owner as regional logistics demand and pricing pressure normalize. This positioning allows BLP to benefit from both lease continuity and future rental rate expansion within a supply-constrained submarket experiencing sustained institutional capital interest.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.