1044 Parkridge Ave - Industrial LAND FOR SALE


Norco, CA 92860 187,744 SF
$25,000,000 USD
949-955-7654
1044 Parkridge Ave, Norco, CA for Sale
$25,000,000 USD
Industrial LAND - FOR SALE
1/5
187,744 SF

1044 Parkridge Ave
Norco, CA 92860


OVERVIEW

Cushman and Wakefield is pleased to present the opportunity to acquire Parkridge Development Location an approximate 4.3 acre development opportunity in Norco, California. Current Owner is in the process of getting a zoning change with the city of Norco. Ownership is currently working on entitlements and is working with the city to build a 50,000 - 70,000 Sq Ft building to spec for a buyer.? This gives buyers the opportunity to acquire a building to spec at below market rate current sale buildings.? As one of the last remaining large development sites within the Parkridge development, this site represents an incredibly rare opportunity to develop an industrial project dependent upon city approval. The Inland Empire is one of the Nation’s most successful industrial markets, boasting a 4Q18 vacancy factor of only 3.8%, down 30 basis points from midyear (vacancy was 4.0-4.1% at the beginning of the year). 118 buildings were constructed in 2018, totaling 27.7 million square feet, with an additional 24.7 million square feet still under construction. The Property is located in a highly desirable strategic Inland Empire location 0.9 Miles from Highway I-15 and 1.6 Miles from CA-91 and close to the 91, 241 Toll Roads. This provides convenient access throughout Inland Empire as well as quick access to Orange County, Los Angeles and San Diego. The location is 31.4 Miles from John Wayne Airport, 62 Miles from LAX and 13 Miles from Ontario International Airport. Parkridge Development Center is 49 Miles from the busiest container ports in North America the Port of Long Beach and the Port of Los Angeles which together, handle a fourth of all container cargo traffic in the United States and more then 40% of the nations imports from Asia.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/ACRE

$5,800,452/AC

PRICE/SF

$133 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Build to Suit - Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Industrial, Retail, Office Park

LAND ACRES

4.31 AC

LAND SF

187,744 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Gateway Specific Plan

APN/PARCEL ID

119-070-007

ASK ABOUT THIS PROPERTY

Nathan DemosthenesCushman & WakefieldMore Info
949-955-7654

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Nathan DemosthenesCushman & WakefieldMore Info
949-955-7654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.