FOR SALE - images4.loopnet.comimages4.loopnet.com/d2/qFSLo4V2Sxi6eyLw4rfIn9_dIAmm6Qv5uIhX7z… · Recorded Buyer: Recorded Seller: Loma Linda University 1000-1020 N Western Ave San

23840 Rider St Perris, CA

790 Ferrari Lane, Ontario, CA 91764 Tel: (909) 948-2988 Fax: (909) 989-0288

Each Office is Independently Owned Operated

Presented By: Alan DeszczSenior Vice President / DirectorOffice: (909) 294-2573Fax: (909) 989-0288 BRE License #[email protected]

FOR SALE

All information provided is deemed reliable but is not guaranteed and should be independently verified. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.

Executive Summary

OFFERING SUMMARYSale Price: $7,200,000

Price / SF: $10.96

Acres: 15.08

Lot Size:

Zoning:

Market:

APN #:

656,885 Sq. Ft.

IP/ MSC

Riverside

317-170-024 & 045

Location Maps

Assessor’s Map

Property Photos

1 Portfolio ESCROW

2 land properties in Perris, CA, having total area of 6.88 AC.

Listing Broker: Rancon Real Estate Corinne Berge44025 Margarita RdTemecula, CA 92592(951) 676-5736

Gene Tobin

Asking Price:

Actual Cap Rate:

Price/SF: -$2,427,221 # of Properties:

Total Land Area:

-

20 SF6.88 AC (299,693 SF)

Sale Type: Investment

Total Size:Days on Market: 1533

Sale Status: Escrow

(951) 676-5736

(951) 760-6097

2 1605 E 2nd St SOLD

Beaumont, CA 92223 Riverside County

Rich Development EnterprisesLLC

Recorded Buyer: Recorded Seller: Loma Linda University

1000-1020 N Western AveSan Pedro, CA 90732(310) 547-3326

True Buyer: Rich Development EnterprisesLLC

11060 Anderson StLoma Linda, CA 92350(909) 558-1000

Loma Linda UniversityTrue Seller:

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$435,643.85 ($10.00/SF)$3,080,000 - Confirmed12/15/2017 Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

-Level

Parcel No:Financing:

419-260-075Down payment of $3,080,000 (100.0%)

Confirmed

7.07 AC (307,969 SF)-Neighborhood Center

--

$/AC Land Gross:

4093535Comp ID:

3 4408 Cherry Grove SOLD

Riverside, CA 92501 Riverside County

Rsi Communities-california LLCRecorded Buyer: Recorded Seller: Philotheus LLC680 Newport Center DrNewport Beach, CA 92660

True Buyer: RSI Communities

4030 Birch StNewport Beach, CA 92660Yah Investments, LLCTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:

$429,275.00 ($9.85/SF)$8,585,500 - Full Value11/22/2017 Land Area:



-Level


206-020-067, 206-020-068, 206-020-069, 206-020-070, 206-020-071, 206-020-072 [Partial List]Down payment of $8,585,500 (100.0%)

Full Value

20 AC (871,200 SF)-Single Family Development

R1 7000-

$/AC Land Gross:

4085553Comp ID:

Alan Deszcz Remax Comercial 909-294-2573Copyrighted report licensed to RE/MAX Commercial - 732606.

6/6/2018

Page 1

4 3444 De Forest Cir - Corner of De Forest Circle & Nobel Court (Part of Portfolio) SOLD

Jurupa Valley, CA 91752 Riverside County

Davis JCR Mira Loma IndustrialLand Investors LLC

Recorded Buyer: Recorded Seller: JV Commerce Center LP

1420 Bristol St NNewport Beach, CA 92660

True Buyer: Davis Partners LLC

3151 Airway AveCosta Mesa, CA 92626

Boatman DevelopmentTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:

$498,567.56 ($11.45/SF)$3,230,720 - Allocated09/08/2017 Land Area:



--

Parcel No:Financing: -

Allocated

6.48 AC (282,269 SF)-Hold for Development ...

I-PBulk/Portfolio Sale

$/AC Land Gross:

4010249Comp ID:

5 3444 De Forest Cir - Corner of De Forest Circle & Nobel Court (Part of Portfolio) SOLD


Davis JCR Mira Loma IndustrialLand Investors LLC

Recorded Buyer: Recorded Seller: JV Commerce Center LP

1420 Bristol St NNewport Beach, CA 92660

True Buyer: Davis Partners LLC

3151 Airway AveCosta Mesa, CA 92626

Boatman DevelopmentTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




--


Allocated

6.25 AC (272,250 SF)--

I-PBulk/Portfolio Sale

$/AC Land Gross:

4010249Comp ID:

6 El Rivino Rd - Portfolio Sale (Part of Portfolio) SOLD

Bloomington, CA 92316 San Bernardino County

Bridge Point South Rialto LLCRecorded Buyer: Recorded Seller: REO Disposition LLC1000 W Irving Park RdItasca, IL 60143

True Buyer: Bridge Development Partners

12770 High Bluff DrSan Diego, CA 92130Lansing CompanyTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Sloping


Allocated

19.50 AC (849,420 SF)IrregularCommercial ...

RESBulk/Portfolio Sale

$/AC Land Gross:

4197801Comp ID:


6/6/2018

Page 2

7 Kiningham Dr - Portfolio Sale (Part of Portfolio) SOLD


Bridge Point South Rialto LLCRecorded Buyer: Recorded Seller: REO Disposition LLC1000 W Irving Park RdItasca, IL 60143

True Buyer: Bridge Development Partners

12770 High Bluff DrSan Diego, CA 92130Lansing CompanyTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Sloping


Allocated

9.61 AC (418,612 SF)-Industrial

AM/SPBulk/Portfolio Sale

$/AC Land Gross:

4197801Comp ID:

8 2688 S Lilac Ave - S Lilac Ave Bloomington CA SOLD


Riverport Empire LLCRecorded Buyer: Recorded Seller: The Lawrence John & Carol AnnHollingworth Trust2111 E Pratt Blvd

Elk Grove Village, IL 60007

True Buyer: Abraham E Brustein

17360 Reed StFontana, CA 92336(909) 822-1834The Lawrence John & Carol AnnHollingworth Trust

True Seller:

Sale Date:


Density:

Sale Price:

Topography:

$610,000.00 ($14.00/SF)$3,050,000 - Confirmed05/16/2018 (230 days on mkt) Land Area:



--


0258-102-12, 0258-102-13, 0258-102-14First Midwest Bank

Confirmed

5 AC (217,800 SF)--

M1Build to Suit

$/AC Land Gross:

4266874Comp ID:

9 11191-11219 Linden Ave SOLD


Bloomington LC LLCRecorded Buyer: Recorded Seller: Roger & Mary Jaynes Trust527 7thLos Angeles, CA 90014

True Buyer: Riata Capital Group

139 Mindanao StRialto, CA 92376Roger & Mary Jaynes TrustTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


0257-091-14, 0257-091-28, 0257-091-29, 0257-091-30Down payment of $4,025,000 (100.0%)

Confirmed

9.24 AC (402,494 SF)-Agricultural ...

A-1-

$/AC Land Gross:

4010115Comp ID:


6/6/2018

Page 3

10 NWC Madison Ave ESCROW

Murrieta, CA 92562 Riverside County

Listing Broker: Lee & Associates Commercial RealEstate Svcs, Inc.

Charley Black

25240 Hancock AveMurrieta, CA 92562(951) 445-4500

Jim Nadal

Asking Price:

Density:

$/AC Land Gross: $304,919.97 ($7.00/SF)$4,381,700 Sale Type:

Zoning:

Lot Dimensions:

-

Parcel No: 910-410-012, 910-410-013, 910-410-014, 910-410-015

Investment14.37 AC (625,957 SF)-

CC

Topography: Level

Proposed Use: Commercial

Land Area:Days on Market: 2057

Sale Status: Escrow

(951) 445-4507

(951) 445-4500Gordon Mize(951) 445-4504

11 Mildred St - Proposed 250 Unit Multi FamilyHousing Project SOLD

Perris, CA 92571 Riverside County

Daichi Caland LLCRecorded Buyer: Recorded Seller: Joseph Sivongsay4548 Hazelnut AveSeal Beach, CA 90740

True Buyer: Joann T Miki

14441 Pinebrook DrTustin, CA 92780Joseph SivongsayTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


311-170-022, 311-170-023, 311-170-024Down payment of $1,900,000 (100.0%)

Confirmed

6.54 AC (284,882 SF)-Apartment Units ...

R-22-

$/AC Land Gross:

4067328Comp ID:

12 797 E Nuevo Rd SOLD


AZIZ LLCRecorded Buyer: Recorded Seller: Woody LLC1761 S Escondido BlvdEscondido, CA 92025(760) 433-8898

True Buyer: Maher Sedrak

4633 Ingraham StSan Diego, CA 92109(858) 727-7616Joseph FallonTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


310-180-050, 310-180-051, 310-180-052Down payment of $2,700,000 (100.0%)

Confirmed

9.31 AC (405,544 SF)-MultiFamily ...

CN-

$/AC Land Gross:

3935139Comp ID:


6/6/2018

Page 4

13 NWQ Newport Rd @ Haun Road - Phase II SOLD

Menifee, CA 92584 Riverside County

PRP Menifee LLCRecorded Buyer: Recorded Seller: Newport Towne Square II417 39th StNewport Beach, CA 92663(949) 723-9500

True Buyer: Peninsula Retail Partners, LLC

5051 Avenida EncinasCarlsbad, CA 92008(760) 438-7500Grant General Contractors, Inc.True Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


336-380-071-

Confirmed

5.36 AC (233,482 SF)-Commercial ...

SP ZONERedevelopment Project

$/AC Land Gross:

4123797Comp ID:

14 2352 S Riverside Ave SOLD


Idil Willow LLCRecorded Buyer: Recorded Seller: Long Family Trust1100 Peachtree StAtlanta, GA 30309

True Buyer: IDI Logistics

PO Box 821Bloomington, CA 92316(909) 877-2926Long Family TrustTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


0258-041-04, 0258-041-06Down payment of $6,000,000 (100.0%)

Confirmed


-Assemblage

$/AC Land Gross:

4093815Comp ID:

15 San Sevaine Way - Serrano Business Park SOLD


CRPF IV Bain, LLCRecorded Buyer: Recorded Seller: Gonsalves & Santucci, Inc1300 Dove StNewport Beach, CA 92660

True Buyer: CapRock Partners

5141 Commercial CirConcord, CA 94520The Conco CompaniesTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:

$588,207.33 ($13.50/SF)$11,023,000 - Full Value01/31/2018 (2590 days on mkt) Land Area:



-Level


156-210-093Down payment of $11,023,000 (100.0%)

Full Value


M-H-5-

$/AC Land Gross:

4134273Comp ID:


6/6/2018

Page 5

16 975 W Valley Blvd - Commercial Land (Part of Multi-Property) SOLD


Valley Boulevard LlcRecorded Buyer: Recorded Seller: Kimo Investment Corp500 Chesterfield PkyMalvern, PA 19355

True Buyer: Panattoni DevelopmentCompany, Inc.

Kimo Investment CorporationTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




--


Allocated

6.20 AC (270,072 SF)-Commercial ...

BL/IR-

$/AC Land Gross:

4212709Comp ID:

17 Webster Ave @ Morgan St SOLD


Val Verde Unified School DistRecorded Buyer: Recorded Seller: Nelson Family Trust975 W Morgan StPerris, CA 92571(951) 940-6100

True Buyer: Val Verde Unified School Dist

PO Box 309El Cajon, CA 92022

Jimmie P & Laura M NelsonTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


317-160-046Down payment of $1,600,000 (100.0%)

Confirmed

6 AC (261,360 SF)IrregularIndustrial

LI-

$/AC Land Gross:

4148371Comp ID:

18 Wildrose Ave - Vacant Land SOLD

Colton, CA 92324 San Bernardino County

FH II LLCRecorded Buyer: Recorded Seller: Wildrose Village LLC8300 Utica AveRancho Cucamonga, CA 91730(909) 354-8000

True Buyer: Frontier Enterprises

3 Upper Newport PlzNewport Beach, CA 92660

John ReichelTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


0254-051-46, 0254-051-47, 0254-051-67, 0254-051-68Down payment of $6,425,000 (100.0%)

Confirmed

10.60 AC (461,736 SF)IrregularSingle Family Development

Business Industrial-

$/AC Land Gross:

3998898Comp ID:


6/6/2018

Page 6

19 2437 S Willow Ave SOLD


Idil Willow LLCRecorded Buyer: Recorded Seller: Muhlhauser Enterprises LLC1100 Peachtree StAtlanta, GA 30309

True Buyer: IDI Logistics Muhlhauser Steel IncTrue Seller:

Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$147.71$6,056,000 - Confirmed12/21/2017 (2121 days on mkt) Bldg Type:


Year Built/Age:RBA:

--


0258-041-32, 0258-041-33, 0258-041-34Down payment of $6,056,000 (100.0%)

Confirmed

Class C IndustrialWarehouseBuilt 1989 Age: 2841,000 SF

-Assemblage, Redevelopment Project

Land Area: 12.64 AC (550,598 SF)Price/SF:

4099862Comp ID:

Map Page: Thomas Bros. Guide605-G7


6/6/2018

Page 7

Inland Empire Market

PREPARED BY

Alan Deszcz

SVP

Industrial Market Report

INDUSTRIAL MARKET REPORT

Market Key Statistics 2

Leasing 3

Rent 5

Construction 7

Under Construction Properties 8

Sales 10

Sales Past 12 Months 11

Economy 13

Market Submarkets 15

Supply & Demand Trends 17

Rent & Vacancy 19

Sale Trends 21

Inland Empire Industrial

5/31/2018Copyrighted report licensed to RE/MAX Commercial - 732606.

OverviewInland Empire Industrial

12 Mo Deliveries in SF

24.7 M12 Mo Net Absorption in SF

21.6 MVacancy Rate

5.1%12 Mo Rent Growth

7.3%The Inland Empire is one of the largest and most criticalcomponents of the supply-chain infrastructure in theU.S. Just inland from the busy ports of Los Angeles andLong Beach, with access to freeways and cheap,abundant product, this hub has grown by over 100%since China joined the World Trade Organization inDecember 2001, increasing trade and port traffic. Withover 260 million SF of industrial space delivered sincethen, growth in the Inland Empire has been unmatchedby that of any other market. Trade volume remains

strong in the ports and developers continue to build withexpectations that the Inland Empire will continue to growexponentially. So far, demand has mostly kept up. About25 million SF of supply are under construction as of theend of May 2018— a significant amount of it speculativeincluding many very large buildings. Investment totalscontinue to exceed historical averages with sales volumereaching over $3 billion over the last 12 months—twicethe metro's historic average.

KEY INDICATORS

Asking RentVacancy RateRBACurrent Quarter Availability RateNet Absorption

SFDeliveries SF

UnderConstruction

$7.605.3%499,621,443Logistics 8.6% 3,427,905 3,139,170 24,746,306

$9.304.0%97,986,866Specialized Industrial 5.2% (227,658) 82,200 143,538

$12.424.2%15,539,243Flex 5.9% (14,452) 0 0

$7.985.1%613,147,552Market 8.0% 3,185,795 3,221,370 24,889,844

ForecastAverage

HistoricalAverage

12 MonthAnnual Trends Peak When Trough When

5.6%7.0%0.2%Vacancy Change (YOY) 12.5% 2009 Q3 4.2% 2016 Q4

19,334,09216,310,58621.6 MNet Absorption SF 29,640,528 2007 Q3 (627,274) 2009 Q1

21,777,06517,360,14124.7 MDeliveries SF 33,915,707 2006 Q4 1,313,388 2011 Q3

3.2%3.1%7.3%Rent Growth 10.9% 2017 Q1 -9.2% 2009 Q4

N/A$1.5 B$3.3 BSales Volume $3.3 B 2018 Q1 $482.5 M 2001 Q2


Page 2

LeasingInland Empire Industrial

Demand for warehouse space in the Inland Empire isstrong as giants like Amazon, Walmart, and GeneralMills are gobbling up massive blocks. Thanks to itsfantastic access to the ports of Los Angeles and LongBeach, and the associated trade links to the east (China,South Korea, Japan, etc.), the Inland Empire ispositioned to take advantage of good economicconditions across the country. The market functions notonly as a distribution hub for the bulk of California, butalso as a major arterial connection to other hubs acrossthe U.S., so when times are good nationally, the Inland

Empire thrives.

Net absorption in 17Q4 and 18Q1 were outpaced by theamount of deliveries. As a result, the vacancy rate tickedup to 5.1% —yet still in line with the metro's three-yearaverage. The amount of deliveries have started toapproach prerecession highs, and much of the ongoingconstruction is speculative. Market fundamentals will betested when the bulk of this speculative constructioncontinues to deliver throughout 2018.

NET ABSORPTION, NET DELIVERIES & VACANCY


Page 3

LeasingInland Empire Industrial

VACANCY RATE

AVAILABILITY RATE


Page 4

RentInland Empire Industrial

Rent growth had been phenomenal in the Inland Empiresince 2014 as new supply has introduced high-endproduct. Demand has been consistently strong, keepingvacancies low for the past three years and yielding someof the best rent growth in the nation. However, over the

past four quarters, rent growth has started tomoderate—registering 7.5% . While asking rents in theInland Empire stand at an all-time high for the market,they still remain more affordable than in neighboring infillmarkets LA and Orange County.

ASKING RENT GROWTH (YOY)


Page 5

RentInland Empire Industrial

ASKING RENT PER SQUARE FOOT


Page 6

ConstructionInland Empire Industrial

About 25 million SF of supply was under construction asof the end of May 2018, and a significant portion isspeculative. Thanks to tight vacancies overall and strongrent growth, developers don't appear to be pulling back.As many large blocks of space start to deliver in 2018,developers will want to pay special attention to leasingvelocity and how absorption responds.

Of the properties under construction, six are 1 million SFor larger. Developers here have been focusing on theneeds of modern distribution tenants, including high clearheights and a plethora of dock doors. On average, thelargest logistics facilities under construction have anaverage clear height of 35 feet and one dock door per7,000 SF.

DELIVERIES & DEMOLITIONS


Page 7

Under Construction PropertiesInland Empire Industrial

Properties

157

Square Feet

24,889,844

Percent of Inventory

4.2%

Preleased

43.5%

UNDER CONSTRUCTION PROPERTIES

UNDER CONSTRUCTION

Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner

Dec-201724385 Nandina Ave

Bldg 11,388,210 1 Sep-2018

First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc.1

Jan-20180 Navajo Rd

Legacy Building1,350,000 1 Mar-2019

Watson Land Company

-2

Sep-20174100 N Webster Ave

Optimus Logistics Center1,039,898 1 Aug-2018

-

-3

Jan-20176720 Kimball Ave

Building 11,022,680 1 Aug-2018

Majestic Realty Co.

Majestic Realty Co.4

Jan-201820801 Krameria Ave

Building B1,000,000 1 Jul-2018

-

United Parcel Service, Inc.5

Oct-201620901 Krameria Ave

Building A1,000,000 1 Jun-2018

-

United Parcel Service, Inc.6

Mar-20184413 Patterson Ave

Patterson Logistics Center912,338 1 Dec-2018

Western Realco

AEW Capital Management7


Page 8

http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D9287427%26ProductMode%3DProperty%26external%3D1







Under Construction PropertiesInland Empire Industrial

UNDER CONSTRUCTION

Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner

Jan-20181600 W Agua Mansa Rd

Agua Mansa Logistics C…808,500 1 Jan-2019

-

-8

Apr-201717830 Indian Ave

700,000 1 Jun-2018-

Duke Realty Corporation9

Apr-20184323 Indian Ave

656,695 1 Dec-2018-

-10

Jan-201812400 Arrow Rt

Arrow Route DC611,573 1 Dec-2018

-

-11

May-201815245 Van Vliet Ave

Legacy Building 841605,735 1 Dec-2018

-

-12

Jun-20171350 N Waterman Ave

553,592 1 Jun-2018Industrial Property Trust, Inc.

Industrial Property Trust, Inc.13

May-201815097 Van Vliet Ave

Legacy Building 839505,735 1 Dec-2018

-

-14

May-20182602 N Locust Ave

475,555 1 May-2019-

-15

Mar-201715640 Cantu-Galleano Ra…

Eastvale Gateway450,438 1 Jun-2018

-

AEW Capital Management16

Aug-201717783 Indian St

436,350 1 Jul-2018-

-17

Aug-20171543 Alder Ave

I-210 Logistics Center IV426,302 1 Jun-2018

-

Liberty Property Trust18

Feb-20181301 Harley Knox Blvd

400,000 1 Aug-2018REDA

-19

Dec-20176720 Kimball Ave

Building #1 Expansion389,320 - Oct-2018

-

Majestic Realty Co.20

Apr-2018Cedar Ave & Orange St

371,442 1 Jan-2019-

-21

Jan-2018Palmyrita Ave

Columbia Business Park…371,229 1 Jun-2018

-

-22

Sep-201715578 Hellman Ave

Bldg 3349,000 1 Jun-2018

-

-23

Apr-20181445 S Tippecanoe Ave

Bldg 1344,249 1 Jun-2018

Rockefeller Group Development…

Rockefeller Group Development…24

Sep-20174982 Hallmark Pky

Hallmark Distribution Ce…340,080 1 Jun-2018

-

-25

Jan-2018Eucalyptus Ave & B St

Prologis Park Moreno Va…337,746 1 Oct-2018

-

Prologis26

May-2018Markham St

334,514 1 Apr-2019-

-27

Mar-2017520 E Orange Show Rd

318,989 1 Jun-2018Western Realco

-28


Page 9






















SalesInland Empire Industrial

Sales volume in the Inland Empire has been growing intandem with prices. That momentum carried into May2018, with 12 month sales volume over $3.2 billion. Themarket sale price stood at just over $110/SF also in May2018.

The largest trades early into 2018 involve single-property transactions. Building B of the MeridianBusiness Park Phase 3 sold to UPS for $93.5 million($93/SF) in February. Just prior to the turn of the year,Liberty Property Trust purchased 1221 Alder Ave. for$94.2 million ($134/SF). In comparison, the largesttrades in 2017 were portfolios that included assets in theInland Empire and other parts of the country.

Among these portfolio deals, New York City–basedGramercy Property Trust purchased two million SF ofindustrial buildings in September, including the 4 Star311,000 SF FedEx Ground facility in Bloomington valuedat $72.3 million ($232/SF). The distribution center, whichis LEED certified, was fully leased at the time of the sale.

In July, Duke Realty purchased the 795,000 SF DeckersDistribution Center in Moreno Valley, along with anadjacent 33-acre parcel of land, for $111.9 million. TheDeckers Distribution Center was valued at $73 million($92/SF) and is blocks away from two Amazon fulfillmentcenters. More recently, Duke Realty also purchased the5 Star 444,000 SF Building C of Bridge Point Fontana II.Also part of a portfolio deal, the building was valued at$54.6 million ($123/SF). Both the Deckers DistributionCenter and Building C were fully leased when they weresold.

Most recently, the Blackstone Group purchased 4.4million SF of industrial properties in Southern Californiafor $500 million. Most of the portfolio was in Los Angeles’City of Industry, but it included three logistics buildings inOntario, with a total of 220,000 SF and a 315,000 SFlight-manufacturing building in Chino. The BlackstoneGroup has been acquiring distribution facilities serving e-commerce near major population centers for severalyears, including many others in the Inland Empire.

SALES VOLUME & MARKET SALE PRICE PER SF


Page 10

Sales Past 12 MonthsInland Empire Industrial

Sale Comparables

937Avg. Cap Rate

6.0%Avg. Price/SF

$116Avg. Vacancy At Sale

13.2%SALE COMPARABLE LOCATIONS

SALE COMPARABLES SUMMARY STATISTICS

Sales Attributes Low Average Median High

Sale Price $100,000 $6,327,818 $2,026,084 $94,200,000

Price Per SF $13 $116 $131 $1,876

Cap Rate 2.2% 6.0% 6.0% 15.0%

Time Since Sale in Months 0.0 6.7 6.4 12.0

Property Attributes Low Average Median High

Building SF 816 38,810 9,992 1,000,000

Ceiling Height 8' 19'8" 18' 50'

Docks 0 5 0 195

Vacancy Rate At Sale 0% 13.2% 0% 100%

Year Built 1906 1990 1989 2018

Star Rating 2.0


Page 11

Sales Past 12 MonthsInland Empire Industrial

Property Name - Address Rating Yr Built Bldg SF Vacancy Price Price/SF

Property

Sale Date

Sale

Cap Rate

RECENT SIGNIFICANT SALES

-1 1221 Alder Ave2017 702,668 14.9% $94,200,000 $13412/29/2017 3.8%

-2 Building B2018 1,000,000 100% $93,500,000 $94

20801 Krameria Ave2/1/2018 -

-3 1568 N Linden Ave2018 614,848 0% $82,343,000 $1341/31/2018 5.0%

-4 Building A2018 1,000,000 - $80,100,000 $80

20901 Krameria Ave11/8/2017 -

-5 Deckers Distribution Ce…2014 794,447 0% $72,995,686 $92

17791 Perris Blvd7/28/2017 4.5%

-6 FedEx Ground2014 311,363 0% $72,300,000 $232

3255 S Cactus Ave9/1/2017 6.0%

-7 Building 12017 614,328 69.0% $66,544,619 $108

9889 Almond Ave3/1/2018 2.9%

-8 6207 Cajon Blvd2014 830,750 0% $60,229,500 $738/4/2017 -

-9 7776 Tippecanoe Ave2009 609,499 0% $56,828,968 $9311/27/2017 4.6%

-10 Bldg C2016 444,669 0% $54,625,000 $123

11250 Poplar Ave10/3/2017 4.1%

-11 290 W Markham St2016 475,235 0% $52,275,850 $11011/17/2017 4.5%

-12 14210-14380 Telephone…1998 315,000 0% $52,031,187 $16510/6/2017 -

-13 Rancho Cucamonga Spe…2001 401,226 0% $44,884,244 $112

9363 Lucas Ranch Rd8/22/2017 -

-14 Westgate Building 42018 476,632 0% $44,803,408 $94

343 S Lena Rd4/2/2018 -

-15 1900 Burgundy Pl1989 397,125 0% $44,425,475 $1128/22/2017 -

-16 Neovia Logistics Services1987 406,714 0% $42,875,000 $105

5491 E Francis St8/23/2017 4.8%

-15 1900 Burgundy Pl1989 397,125 0% $42,000,000 $10612/4/2017 -

-17 Gateway North #22006 404,725 0% $41,908,816 $104

1089 E Mill St4/27/2018 -

-18 ProLogis Agua Mansa C…2017 447,190 100% $39,846,442 $89

2163 S Riverside Ave12/14/2017 5.5%

-19 927 E 9th St2009 415,825 0% $38,771,032 $9311/27/2017 4.6%


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EconomyInland Empire Industrial

The metro’s employers continue to expand at a fasterrate than the U.S. average, after several years ofuninspired economic performance following thedownturn. Over 45,000 jobs were added from March2017–March 2018, and the unemployment rate wasbelow 4.5%, similar to the rate in Los Angeles. Theeconomy remains dependent on logistics andconstruction, which were two of the fastest growingsectors over the last year..

A strong dollar has helped boost activity at the ports ofLA/Long Beach, which has in turn driven stellarabsorption in the warehouse market. A large share ofeconomic output is tied to LA/Long Beach port activity,and trade is great for the local economy. Although therehave been fears of activity slowing at the ports due to thenational political climate, total traffic through the portsgrew by about 5.5% in 2017 and is tracking at 4% growthyear-over-year in 18Q1. More than 15% of the metro’sjobs are in wholesale trade, transportation, andwarehousing, and the exploding industrial sectorpresents continued positive growth prospects for themetro.

Due to the market’s historically limited opportunities forknowledge-sector workers, population growth in thisonce-booming housing-bust market has been modestcompared with recent history. There are no Fortune 500companies in the metro, and few major corporations areheadquartered in the two-county area. More recently,however, white-collar sectors like education and healthservices have brought more educated workers to themarket. Overall, this is still a bedroom community thatattracts residents from its pricier neighbors, so escalatinghousing and business costs in Los Angeles, OrangeCounty, and San Diego bode well for householdrelocations and population growth here.

Although housing starts have increased in nearly everycalendar year of this cycle, these levels are nowherenear last cycle’s, and pricing is rapidly increasing. Theaverage single-family house in the Inland Empire costsroughly $350,000 and the lack of supply is continuing topush these prices upward—similar to much of Californiaas a whole. In addition, memories here are long, and itmight take some time for residents to feel comfortablewith a home investment again.

INLAND EMPIRE EMPLOYMENT BY INDUSTRY IN THOUSANDS

NAICS Industry Jobs LQ MarketUS USMarketUSMarket

Current Jobs Current Growth 10 Yr Historical 5 Yr Forecast

-1.23%-1.60%-1.07%-1.09%-0.41%-0.56%0.898Manufacturing

0.27%-0.61%0.44%2.39%1.22%3.89%1.4376Trade, Transportation and Utilities

0.27%-0.90%0.32%0.70%0.40%1.42%1.2184 Retail Trade

0.76%0.69%0.26%-0.15%0.67%2.53%0.546Financial Activities

0.51%0.67%-0.06%0.98%0.10%2.06%1.1253Government

1.61%1.76%-0.31%0.92%3.89%9.71%1.3106Natural Resources, Mining and Construction

1.27%1.51%2.04%4.08%1.59%3.11%1.0229Education and Health Services

1.49%1.15%1.53%0.93%2.47%3.92%0.7153Professional and Business Services

0.29%-0.31%-0.95%-2.98%0.38%-1.21%0.411Information

1.29%0.82%1.79%2.29%1.82%-0.16%1.0165Leisure and Hospitality

0.41%-0.11%0.44%1.02%0.75%2.04%0.846Other Services

Total Employment 1,484 1.0 2.94% 1.28% 1.64% 0.69% 0.46% 0.80%

Source: Moody's Analytics

LQ = Location Quotient


Page 13

EconomyInland Empire Industrial

Source: Moody’s Analytics

YEAR OVER YEAR JOB GROWTH

DEMOGRAPHIC TRENDS

Current ChangeCurrent Level

Metro U.S.Metro U.S.Demographic Category

10-Year Change Forecast Change

Metro U.S. Metro U.S.

Population 327,776,6724,560,400 0.2% 0.7% 1.0% 0.8% 0.3% 0.7%

Households 125,991,2501,419,106 0.7% 1.0% 0.9% 0.8% 1.0% 1.1%

Median Household Income $60,583$60,230 2.1% 3.5% 0.8% 1.6% 2.4% 3.0%

Labor Force 161,581,1162,044,089 2.1% 1.0% 1.4% 0.5% 0.6% 0.8%

Unemployment 4.1%4.9% -0.4% -0.3% -0.3% -0.1% - -

Source: Moody’s Analytics

POPULATION GROWTH

Source: Moody's Analytics

LABOR FORCE GROWTH INCOME GROWTH


Page 14

SubmarketsInland Empire Industrial

INLAND EMPIRE SUBMARKETS


Page 15

SubmarketsInland Empire Industrial

SUBMARKET INVENTORY

12 Month Deliveries Under Construction

Bldgs SF (000) Percent Rank

Inventory

Bldgs SF (000) Percent RankBldgs SF (000) % Market RankSubmarketNo.

1 Airport Area 214,721 35.3% 1 16 3,354 1.6% 43,253 36 6,146 2.9% 3

2 Coachella Valley 14,270 2.3% 8 11 492 3.4% 7978 3 41 0.3% 8

3 Corona 30,209 5.0% 6 5 258 0.9% 8998 7 282 0.9% 6

4 East San Bernardino 110,029 18.1% 3 17 4,838 4.4% 21,680 24 6,947 6.3% 2

5 North San Bernardino 19,514 3.2% 7 10 2,056 10.5% 6931 2 145 0.7% 7

6 Riverside 117,237 19.2% 2 42 7,543 6.4% 12,016 38 8,676 7.4% 1

7 Riverside Outlying 330 0.1% 10 0 - - -25 0 0 0% -

8 San Bernardino Outlying 668 0.1% 9 1 13 1.9% 978 1 30 4.5% 9

9 South Riverside 45,938 7.5% 5 43 3,731 8.1% 31,549 8 1,382 3.0% 4

10 West San Bernardino 56,144 9.2% 4 12 2,605 4.6% 51,729 12 882 1.6% 5

SUBMARKET RENT

Growth

Asking Rent

Per SFSubmarketNo.

12 Month Asking Rent Annualized Quarterly Rent

RankRank GrowthRank

1 Airport Area 3.1%8 7.4% 5$7.89 8

2 Coachella Valley 4.6%1 6.6% 9$11.66 4

3 Corona 4.9%4 7.6% 2$9.23 3

4 East San Bernardino 3.0%10 7.3% 8$6.70 9

5 North San Bernardino 2.2%7 6.6% 10$8.50 10

6 Riverside 3.3%9 7.4% 4$7.50 7

7 Riverside Outlying 5.2%5 7.7% 1$9.17 1

8 San Bernardino Outlying 5.1%2 7.6% 3$11.54 2

9 South Riverside 4.2%3 7.4% 6$9.51 5

10 West San Bernardino 3.6%6 7.3% 7$8.75 6

SUBMARKET VACANCY & NET ABSORPTION

12 Month Net Absorption

Rank Construct. Ratio

Vacancy

SF % of InvSF PercentSubmarketNo. Rank

1 Airport Area 8,515,569 4.0% 0.96,663,542 3.1% 27

2 Coachella Valley 498,994 3.5% 0.2214,617 1.5% 76

3 Corona 995,477 3.3% 0.2600,180 2.0% 55

4 East San Bernardino 7,545,856 6.9% 0.87,584,983 6.9% 18

5 North San Bernardino 1,446,909 7.4% 0.270,946 0.4% 89

6 Riverside 9,309,550 7.9% 2.23,479,762 3.0% 310

7 Riverside Outlying 4,800 1.5% -(4,800) -1.5% 101

8 San Bernardino Outlying 11,910 1.8% -32,442 4.9% 92

9 South Riverside 1,224,888 2.7% 0.82,119,455 4.6% 44

10 West San Bernardino 1,455,296 2.6% 1.6482,098 0.9% 63


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Supply & Demand TrendsInland Empire Industrial

OVERALL SUPPLY & DEMAND

Net AbsorptionInventory

% of Inv Construction RatioSF SF Growth % Growth SFYear

2022 18,104,495 2.6% 2.5%18,047,099 1.0710,202,029

2021 19,311,780 2.9% 2.5%16,993,144 1.1692,097,534

2020 20,430,573 3.1% 2.7%18,411,833 1.1672,785,754

2019 22,234,309 3.5% 2.9%18,726,560 1.2652,355,181

2018 26,458,219 4.4% 4.0%24,959,211 1.1630,120,872

YTD 9,484,899 1.6% 1.6%9,540,929 1.0613,147,552

2017 23,983,049 4.1% 2.7%16,441,060 1.5603,662,653

2016 19,020,287 3.4% 4.1%23,607,037 0.8579,679,604

2015 20,388,596 3.8% 3.5%19,821,846 1.0560,659,317

2014 21,341,075 4.1% 3.7%19,902,124 1.1540,270,721

2013 10,353,149 2.0% 3.6%18,523,082 0.6518,929,646

2012 6,460,202 1.3% 1.5%7,411,163 0.9508,576,497

2011 2,954,487 0.6% 3.4%17,158,609 0.2502,116,295

2010 1,719,404 0.3% 2.5%12,384,390 0.1499,161,808

2009 8,953,890 1.8% 0.3%1,463,203 6.1497,442,404

2008 24,069,370 5.2% 0.5%2,441,086 9.9488,488,514

2007 26,186,054 6.0% 6.0%27,994,567 0.9464,419,144

2006 33,754,784 8.3% 5.4%23,827,694 1.4438,233,090

SPECIALIZED INDUSTRIAL SUPPLY & DEMAND



2022 389,472 0.4% 0.3%277,687 1.499,681,762

2021 415,440 0.4% 0%(31,360) -99,292,290

2020 439,539 0.4% -0.3%(274,686) -98,876,850

2019 337,832 0.3% -0.2%(233,718) -98,437,311

2018 315,281 0.3% 0.4%405,848 0.898,099,479

YTD 202,668 0.2% 0.1%142,532 1.497,986,866

2017 486,602 0.5% 0.1%62,633 7.897,784,198

2016 783,158 0.8% -0.1%(105,955) -97,297,596

2015 (436,065) -0.4% 0.2%207,882 -96,514,438

2014 501,430 0.5% 0.5%532,042 0.996,950,503

2013 (6,487) 0% 2.6%2,527,512 -96,449,073

2012 (405,093) -0.4% 0.6%607,658 -96,455,560

2011 10,000 0% 1.1%1,064,761 096,860,653

2010 98,191 0.1% 0%(15,746) -96,850,653

2009 508,826 0.5% -0.9%(885,216) -96,752,462

2008 1,140,475 1.2% -1.4%(1,351,571) -96,243,636

2007 1,994,744 2.1% 1.8%1,668,769 1.295,103,161

2006 2,849,773 3.2% 2.4%2,218,145 1.393,108,417


Page 17

Supply & Demand TrendsInland Empire Industrial

LOGISTICS SUPPLY & DEMAND



2022 17,705,225 3.1% 3.0%17,789,161 1.0594,942,125

2021 18,885,865 3.4% 3.0%17,095,004 1.1577,236,900

2020 19,979,982 3.7% 3.4%18,800,700 1.1558,351,035

2019 21,888,898 4.2% 3.5%19,055,104 1.1538,371,053

2018 26,142,943 5.3% 4.7%24,436,034 1.1516,482,155

YTD 9,282,231 1.9% 1.9%9,352,684 1.0499,621,443

2017 23,457,174 5.0% 3.3%16,141,128 1.5490,339,212

2016 18,237,129 4.1% 5.0%23,565,787 0.8466,882,038

2015 20,824,661 4.9% 4.3%19,357,993 1.1448,644,909

2014 20,847,125 5.1% 4.4%18,972,408 1.1427,820,248

2013 10,309,600 2.6% 3.8%15,659,368 0.7406,973,123

2012 6,865,295 1.8% 1.6%6,437,868 1.1396,663,523

2011 2,944,487 0.8% 4.1%15,824,205 0.2389,798,228

2010 1,638,813 0.4% 3.2%12,287,642 0.1386,853,741

2009 8,156,753 2.2% 0.6%2,503,281 3.3385,214,928

2008 22,391,803 6.3% 1.1%4,247,530 5.3377,058,175

2007 23,861,711 7.2% 7.4%26,351,584 0.9354,666,372

2006 30,363,134 10.1% 6.3%20,828,127 1.5330,804,661

FLEX SUPPLY & DEMAND



2022 9,798 0.1% -0.1%(19,749) -15,578,142

2021 10,475 0.1% -0.5%(70,500) -15,568,344

2020 11,052 0.1% -0.7%(114,181) -15,557,869

2019 7,579 0% -0.6%(94,826) -15,546,817

2018 (5) 0% 0.8%117,329 -15,539,238

YTD 0 0% 0.3%45,713 015,539,243

2017 39,273 0.3% 1.5%237,299 0.215,539,243

2016 0 0% 0.9%147,205 015,499,970

2015 0 0% 1.7%255,971 015,499,970

2014 (7,480) 0% 2.6%397,674 -15,499,970

2013 50,036 0.3% 2.2%336,202 0.115,507,450

2012 0 0% 2.4%365,637 015,457,414

2011 0 0% 1.7%269,643 015,457,414

2010 (17,600) -0.1% 0.7%112,494 -15,457,414

2009 288,311 1.9% -1.0%(154,862) -15,475,014

2008 537,092 3.7% -3.0%(454,873) -15,186,703

2007 329,599 2.3% -0.2%(25,786) -14,649,611

2006 541,877 3.9% 5.5%781,422 0.714,320,012


Page 18

Rent & VacancyInland Empire Industrial

OVERALL RENT & VACANCY

Asking Rent

Per SF Index % Growth Vs Hist PeakYear

Vacancy

SF Percent Ppts Chg

2022 153 0.5% 13.4%$9.00 40,559,813 5.7% -0.1%

2021 152 1.1% 12.9%$8.95 40,502,417 5.9% 0.2%

2020 150 2.1% 12.0%$8.86 38,183,781 5.7% 0.1%

2019 147 4.4% 10.1%$8.67 36,165,041 5.5% 0.4%

2018 141 6.6% 6.2%$8.31 32,657,292 5.2% 0%

YTD 135 2.3% 2.3%$7.98 31,102,254 5.1% -0.1%

2017 132 9.5% 0%$7.80 31,158,284 5.2% 0.9%

2016 121 10.8% -9.5%$7.12 24,515,977 4.2% -1.0%

2015 109 9.9% -21.3%$6.43 29,142,740 5.2% -0.1%

2014 99 8.1% -33.3%$5.85 28,575,990 5.3% 0.1%

2013 92 5.5% -44.0%$5.41 27,137,039 5.2% -1.7%

2012 87 2.3% -52.0%$5.13 35,297,952 6.9% -0.3%

2011 85 -0.8% -55.4%$5.02 36,246,693 7.2% -2.9%

2010 86 -5.6% -54.2%$5.06 50,451,635 10.1% -2.2%

2009 91 -9.2% -45.5%$5.36 61,116,961 12.3% 1.3%

2008 100 -4.2% -32.2%$5.90 53,634,714 11.0% 4.1%

2007 104 1.6% -26.6%$6.16 32,006,070 6.9% -0.8%

2006 103 4.5% -28.6%$6.06 33,814,471 7.7% 1.8%

SPECIALIZED INDUSTRIAL RENT & VACANCY

Asking Rent


Vacancy

SF Percent Ppts Chg

2022 149 0.5% 15.0%$10.57 5,590,173 5.6% 0.1%

2021 148 1.1% 14.5%$10.51 5,478,388 5.5% 0.4%

2020 146 2.3% 13.5%$10.39 5,031,588 5.1% 0.7%

2019 143 4.6% 11.6%$10.16 4,317,363 4.4% 0.6%

2018 137 8.1% 7.5%$9.71 3,745,813 3.8% -0.1%

YTD 131 3.5% 3.4%$9.30 3,896,516 4.0% 0.1%

2017 126 9.6% 0%$8.99 3,836,380 3.9% 0.4%

2016 115 10.4% -9.6%$8.20 3,437,483 3.5% 0.9%

2015 104 9.0% -20.9%$7.43 2,548,370 2.6% -0.7%

2014 96 7.9% -31.9%$6.81 3,192,317 3.3% 0%

2013 89 5.0% -42.2%$6.32 3,222,929 3.3% -2.6%

2012 85 1.8% -49.4%$6.02 5,747,908 6.0% -1.0%

2011 83 -1.3% -52.1%$5.91 6,758,439 7.0% -1.1%

2010 84 -6.4% -50.1%$5.99 7,814,020 8.1% 0.1%

2009 90 -10.1% -40.6%$6.39 7,700,423 8.0% 1.4%

2008 100 -5.1% -26.3%$7.11 6,314,821 6.6% 2.5%

2007 105 0% -19.8%$7.50 3,822,415 4.0% 0.3%

2006 105 3.4% -19.9%$7.50 3,496,840 3.8% 0.6%


Page 19

Rent & VacancyInland Empire Industrial

LOGISTICS RENT & VACANCY

Asking Rent


Vacancy

SF Percent Ppts Chg

2022 156 0.5% 13.2%$8.58 34,044,104 5.7% -0.2%

2021 155 1.1% 12.8%$8.53 34,128,040 5.9% 0.1%

2020 154 2.1% 11.9%$8.44 32,337,179 5.8% 0%

2019 150 4.4% 10.0%$8.27 31,157,897 5.8% 0.3%

2018 144 6.5% 6.1%$7.92 28,324,103 5.5% 0.1%

YTD 138 2.1% 2.1%$7.60 26,546,741 5.3% -0.1%

2017 135 9.7% 0%$7.44 26,617,194 5.4% 1.1%

2016 123 11.2% -9.7%$6.78 20,175,758 4.3% -1.4%

2015 111 10.3% -21.9%$6.10 25,544,429 5.7% 0.1%

2014 101 8.4% -34.5%$5.53 24,077,761 5.6% 0.2%

2013 93 5.7% -45.7%$5.10 22,203,044 5.5% -1.5%

2012 88 2.5% -54.1%$4.83 27,552,812 6.9% 0%

2011 86 -0.6% -57.9%$4.71 27,125,385 7.0% -3.4%

2010 86 -5.4% -57.0%$4.74 40,005,103 10.3% -2.8%

2009 91 -9.0% -48.6%$5.01 50,653,932 13.1% 1.2%

2008 100 -4.0% -35.3%$5.50 45,000,460 11.9% 4.4%

2007 104 2.0% -29.9%$5.73 26,856,187 7.6% -1.3%

2006 102 4.6% -32.6%$5.61 29,345,548 8.9% 2.3%

FLEX RENT & VACANCY

Asking Rent


Vacancy

SF Percent Ppts Chg

2022 114 0.4% 7.7%$13.41 925,536 5.9% 0.2%

2021 114 0.8% 7.4%$13.36 895,989 5.8% 0.5%

2020 113 1.5% 6.6%$13.26 815,014 5.2% 0.8%

2019 111 2.8% 5.2%$13.06 689,781 4.4% 0.7%

2018 108 3.0% 2.6%$12.70 587,376 3.8% -0.8%

YTD 106 0.7% 0.3%$12.42 658,997 4.2% -0.3%

2017 105 4.3% -0.4%$12.33 704,710 4.5% -1.3%

2016 101 7.2% -4.7%$11.83 902,736 5.8% -0.9%

2015 94 5.6% -12.2%$11.03 1,049,941 6.8% -1.7%

2014 89 3.4% -18.4%$10.45 1,305,912 8.4% -2.6%

2013 86 4.0% -22.5%$10.10 1,711,066 11.0% -1.9%

2012 83 0.5% -27.5%$9.71 1,997,232 12.9% -2.4%

2011 83 -2.9% -28.0%$9.67 2,362,869 15.3% -1.7%

2010 85 -6.6% -24.4%$9.95 2,632,512 17.0% -0.8%

2009 91 -9.1% -16.2%$10.65 2,762,606 17.9% 2.6%

2008 100 -5.3% -5.6%$11.71 2,319,433 15.3% 6.2%

2007 106 0.7% 0%$12.38 1,327,468 9.1% 2.3%

2006 105 7.1% -0.7%$12.29 972,083 6.8% -2.0%


Page 20

Sale TrendsInland Empire Industrial

OVERALL SALES

Completed Transactions (1)

Turnover Avg Price/SFDeals VolumeYear

Market Pricing Trends (2)

Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate

2022 -- - -- 211- $158.55 6.6%

2021 -- - -- 203- $152.98 6.6%

2020 -- - -- 195- $146.64 6.6%

2019 -- - -- 190- $142.84 6.4%

2018 -- - -- 183- $138.13 6.1%

YTD $1,141 M314 2.0% $120.86$6,362,784 1745.6% $131.30 6.0%

2017 $3,095 M1,015 5.1% $113.52$5,411,915 1725.8% $129.37 6.0%

2016 $2,436 M821 4.8% $95.98$4,570,238 1546.1% $115.80 6.1%

2015 $2,336 M920 7.6% $87.70$4,218,689 1335.7% $100.15 6.4%

2014 $1,756 M704 5.1% $73.38$3,700,628 1156.8% $86.33 6.7%

2013 $1,737 M782 6.2% $70.25$4,047,955 1016.5% $75.87 7.0%

2012 $1,029 M761 4.6% $65.90$2,774,806 936.7% $70.04 7.3%

2011 $1,344 M588 4.8% $61.59$3,694,007 886.4% $66.34 7.5%

2010 $1,288 M486 6.0% $53.70$4,119,456 867.9% $64.48 7.7%

2009 $772.0 M379 2.9% $58.00$3,173,178 877.2% $65.45 7.8%

2008 $1,484 M464 4.7% $84.87$4,505,833 1006.2% $75.30 7.3%

2007 $1,606 M748 5.1% $99.51$3,703,683 1235.6% $92.75 6.4%

(1) Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in the period.

(2) Market price trends data is based on the estimated price movement of all properties in the market, informed by actual transactions that have occurred.

SPECIALIZED INDUSTRIAL SALES





2022 -- - -- 225- $180.52 6.6%

2021 -- - -- 217- $174.07 6.6%

2020 -- - -- 207- $166.68 6.6%

2019 -- - -- 202- $162.09 6.4%

2018 -- - -- 194- $156.19 6.1%

YTD $151.2 M64 1.6% $122.96$4,500,048 1846.2% $147.69 6.0%

2017 $497.3 M215 4.7% $126.65$3,940,115 1816.1% $145.21 6.0%

2016 $355.8 M153 4.3% $102.76$3,502,222 1586.1% $126.78 6.2%

2015 $395.1 M210 5.2% $99.52$2,996,481 1345.7% $107.70 6.5%

2014 $238.9 M150 4.0% $68.20$2,319,767 1127.9% $90.33 7.0%

2013 $151.8 M160 3.5% $69.64$1,934,971 987.9% $78.71 7.3%

2012 $206.8 M171 5.6% $68.65$2,440,751 908.0% $72.10 7.6%

2011 $235.0 M108 4.8% $56.08$3,107,050 856.9% $68.10 7.8%

2010 $186.3 M100 4.5% $51.59$2,697,714 838.4% $66.35 8.0%

2009 $132.7 M85 1.9% $75.25$2,227,292 856.7% $68.36 8.1%

2008 $176.1 M94 3.0% $107.49$2,451,345 1006.6% $80.38 7.5%

2007 $273.8 M144 3.8% $102.80$3,113,789 1246.4% $99.49 6.6%




Page 21

Sale TrendsInland Empire Industrial

LOGISTICS SALES





2022 -- - -- 209- $151.33 6.6%

2021 -- - -- 202- $146.03 6.6%

2020 -- - -- 193- $139.99 6.6%

2019 -- - -- 188- $136.37 6.4%

2018 -- - -- 182- $131.86 6.1%

YTD $955.0 M231 2.1% $120.48$7,103,961 1735.5% $125.34 6.1%

2017 $2,533 M698 5.1% $111.66$6,283,089 1715.7% $123.57 6.0%

2016 $2,005 M572 4.9% $94.72$5,237,773 1545.9% $111.33 6.1%

2015 $1,825 M604 8.0% $85.37$5,235,907 1345.6% $96.82 6.3%

2014 $1,444 M490 5.3% $73.85$4,333,963 1166.6% $84.05 6.7%

2013 $1,538 M535 6.9% $70.03$4,892,940 1026.0% $74.01 7.0%

2012 $789.4 M511 4.3% $64.41$3,036,040 956.1% $68.48 7.2%

2011 $1,072 M406 4.9% $62.80$4,288,131 906.8% $64.86 7.4%

2010 $1,074 M333 6.5% $53.62$5,016,324 877.5% $62.92 7.6%

2009 $626.9 M266 3.2% $54.86$3,622,767 887.4% $63.54 7.8%

2008 $1,231 M303 5.1% $80.88$5,645,474 1006.3% $72.45 7.3%

2007 $1,209 M522 5.5% $95.34$3,963,393 1235.5% $89.13 6.4%



FLEX SALES





2022 -- - -- 188- $259.48 6.4%

2021 -- - -- 182- $250.65 6.4%

2020 -- - -- 175- $240.89 6.4%

2019 -- - -- 172- $236.32 6.2%

2018 -- - -- 169- $232.29 5.9%

YTD $34.8 M19 2.1% $122.38$2,989,489 1645.1% $226.14 5.8%

2017 $64.4 M102 7.5% $99.10$1,421,102 1616.6% $222.13 5.8%

2016 $75.0 M96 7.6% $100.51$1,444,339 1417.0% $194.74 6.0%

2015 $115.4 M106 9.3% $89.95$1,542,367 1186.0% $163.04 6.4%

2014 $72.4 M64 6.3% $83.75$1,784,019 996.6% $136.78 6.9%

2013 $46.9 M87 5.1% $80.47$1,127,856 876.9% $119.92 7.2%

2012 $32.8 M79 4.8% $94.56$1,146,625 797.9% $108.79 7.5%

2011 $36.9 M74 4.3% $65.93$840,485 765.8% $104.35 7.7%

2010 $28.5 M53 2.6% $78.56$813,723 768.8% $104.60 7.8%

2009 $12.5 M28 1.1% $103.42$1,016,301 809.0% $110.48 7.8%

2008 $76.7 M67 4.5% $122.82$1,842,443 1005.8% $137.67 7.0%

2007 $123.5 M82 6.3% $154.63$3,006,339 1245.3% $170.69 6.1%




Page 22

Alan DeszczSenior Vice President / Director

790 Ferrari LaneOntario, California 91764

Office: (909) 948-2988Cell: (951) 233-0415Fax: (909) [email protected] #01196130

Professional Background

Alan Deszcz has 25+ years in Commercial Real Estate with a major focus on Industrial & Commercial Investments and Leasing. His Commercial Real Estate career began with a small firm in Ontario, CA with attention on leasing multi-tenant industrial properties.

Alan then moved to Sperry Van Ness as a Senior Advisor in 2000 specializing in Investment sales and leasing of multi-tenant properties in Southern California. He joined Grubb & Ellis in March of 2009 and in 2012 was offered a position with NAI Capital as a Senior Vice President with the Investment Services Group.

In September of 2015, Alan was offered a position as Senior Vice President/Director of RE/MAX Commercial in Ontario, CA. Alan continues to target multi-tenant Industrial & Commercial Investments in Southern California and the Western States.

Past Deals

TRANSACTIONS (partial)Riverside Technology Business Park, Riverside CA – 480,215 s fHunter Business Park, Riverside CA – 106,000 s fArrow Business Park, Rancho Cucamonga, CA – 136,804 s fMontclair Business Center, Montclair CA – 99,298 s fCarson Commerce Center, Carson, CA – 44,043 s fWest Spokane Industrial Park, Airway WA – -220,000 s fCurry Road Industrial Center, Tempe AZ – 31,500 s f

PARTIAL CLIENT LISTFrome Investments/ Master Development/ SVN Equities/ Rexford Industrial/ Dolphin Partners/ Koll Company/ Essex Realty/ Fowler Property Acqusitions/ Union Property Group/ Citizens Business Bank/ L2 Development/ Lewis Operating Corp/ Mat West Company/ K B Homes

RE/MAX 2000 – Commercial Division790 Ferrari Lane

Ontario, California 91764

Office: (909) 948-2988Fax: (909) 989-0288

Each office is independently owned and operated.

Documents

FOR SALE - images4.loopnet.comimages4.loopnet.com/d2/qFSLo4V2Sxi6eyLw4rfIn9_dIAmm6Qv5uIhX7z… · Recorded Buyer: Recorded Seller: Loma Linda University 1000-1020 N Western Ave San