Irvine, CA – Avison Young announced today it has completed the acquisition of a 45,702 square-foot (sf) fully occupied single-tenant industrial building located at 8767 Rochester Avenue in Rancho Cucamonga, CA. The property is situated in San Bernardino County and is within the Inland Empire West submarket, a thriving industrial hub providing users access to major freeways and the Ports of Los Angeles and Long Beach.

Avison Young Principals Alan Pekarcik and Senior Associate Chris Smith who are based out of the firm’s Orange County office, represented the buyer, an Orange County-based private investor. The seller, a local private owner, was represented by Ryan Velasquez and Milo Lipson of Cushman & Wakefield.

“The buyer, who is planning on a long-term hold, was in a 1031 exchange,” said Smith. “This property was an ideal fit for our client, given the prime industrial location, desirable building attributes, and the below-market contract rent providing for future upside.”

The tenant is a China-based global logistics company specializing in ecommerce. Situated on nearly two acres and built in 1989, the property features 24’ clear height, eight dock high loading doors, and a small partial second floor office. Its location provides immediate access to the 10 freeway at Milliken Avenue and the 15 freeway at Foothill Boulevard or Fourth Street.