renaissance rialto• 37.72 acres of entitled land … in the desirable iew, designed for building...
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R E N A I S S A N C E R I A L T OL A N D O P P O R T U N I T Y
• 37.72 Acres of Entitled Land in the Highly Desirable Inland Empire West • Opportunity for speed-to-market on 3 buildings totaling 734,210 SF• Part of the Renaissance Rialto Specific Plan with Strategic Access to Four
Major Freeways
A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY
RIALTO,CALIFORNIA
N LINDEN AVE
MIR
O W
AY
210
210
W B
ASEL
INE
RD
RESIDENTIAL LANDRENAISSANCE MARKETPLACE
(Coming Spring 2018)
ALDER AVE
W RENAISSANCE PKWY
RENAISSANCE RIALTO LAND OPPORTUNITY1
THE OFFERINGCBRE, Inc. (“CBRE”) on behalf of Lewis-Hillwood Rialto (“Seller”) is pleased to offer 37.72 acres of entitled land situated in the established business park Renaissance Rialto. This presents a unique opportunity to acquire 37.72 acres of land currently entitled for approximately 3 buildings totaling 155,220 SF, 177,710 SF and 401,280 SF. The sites are located in the Inland Empire (IE), California, one of the strongest and most active logistics markets in the world. The park is a new, well-located master planned redevelopment project in Rialto with excellent access to four major freeways, the San Bernardino intermodal yard, the Ports of Los Angeles and Long Beach, airports and major transportation routes serving Southern California and the Western United States.
The sites are located in the Renaissance Rialto Specific Plan, now considered part of the Inland Empire West (IEW) and part of one of the largest redevelopment projects in the Inland Empire spanning nearly 1,500 acres. The property was previously used as the Rialto Municipal Airport and over the last 8 years is in the process of being redeveloped for industrial, retail and housing.
This Renaissance Rialto land offering represents a rare opportunity for a Buyer to purchase multiple entitled land sites in the desirable IEW, designed for building sizes that are in high demand. These sites are the last few remaining industrial development sites within the Renaissance Rialto Specific Plan.
PROPERTY OVERVIEWAddress SW of Linden Ave & Renaissance Pkwy SW of Linden Ave & Renaissance Pkwy NW of Linden Ave & Miro Way TOTALTotal Rentable Area 155,220 SF 177,710 SF 401,280 SF 734,210 SFAcreage 8.3 AC 10.33 AC 19.09 AC 37.72 ACClear Height 32’ 32’ 36’ 32’-36’Dock-High Doors 25 32 41 98Drive-In Doors 2 2 2 6
INVESTMENT THESISThe Renaissance Rialto Land Opportunity represents an excellent opportunity to purchase a 3-building development, in highly desired sizes, that can break ground in January 2018. The sites are ideally located in the Inland Empire West and part of the new, redeveloping area of Rialto along the new I-210 Freeway.
The offering has a Bid Date of October 6th.
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY 2
MARKET HIGHLIGHTS• Inland Empire (IE) vacancy dropped significantly in Q2 2017 to 3.3%, reaching its lowest
level in the current cycle.• IE occupier industries range from logistics, e-commerce, consumer goods and 3PLs. The
rise of e-commerce has increased demand for state-of-the-art product to accommodate automation and efficiency with higher clear heights.
• The IE has among the strongest annual rent growth in the US with 15.9%. CBRE EA predicts that net absorption in the Inland Empire will reach over 14.5 MSF by year end.
• The IEW vacancy rate for the 100,000-250,000 SF size range was only 1.6% in Q2 2016, while the 250,000-500,000 SF size range had an even lower rate of 1.2%.
• The Rialto industrial base has grown by 30.2% over the past two years to 26.1 MSF and its vacancy rate has dropped by 35.3%, demonstrating increased demand for product in this submarket.
• Rialto saw 485,396 SF of 2017 YTD net absorption and 1.8 MSF in 2016. The IE has 8.1 MSF of 2017 YTD net absorption and had 17.1 MSF in 2016.
PROPERTY HIGHLIGHTS• The land sites are located in the Renaissance Rialto Specific Plan area and are currently
entitled for three buildings totaling 155,220 SF, 177,710 SF and 401,280 SF.• All three buildings will offer state-of-the-art features including ESFR sprinklers and
concrete tilt-up construction with generous loading. The two smaller buildings will offer 32’ clearance and 135-173’ truck courts; the largest building will offer 36’ clearance and a 185’ truck court.
• Being a part of the Renaissance Rialto Specific Plan offers a corporate and institutional campus setting to many Fortune 500 occupiers with surrounding amenities.
LOCATION HIGHLIGHTS• The sites are located in what is now considered the eastern edge of the Inland Empire
West (IEW), an A+ location with immediate access to the I-210, I-15, I-215 and I-10 freeways as well as Foothill Boulevard, a major east-west thoroughfare.
• Strategic E-Commerce/Last Mile location given proximity to nearly 12 million people within a 60-minute drive and 13 UPS, FedEx and OnTrac hubs within a 25-mile radius.
• Proximity to abundant labor force and nearby future planned restaurants, retail, office and hotels.
• Various corporate neighbors such as Target, FedEx, Niagara, Medline and Monster Energy have settled in the Renaissance Rialto area, transforming this master-planned development into an established, desirable logistics center.
• Renaissance Rialto is home to over 3 MSF of high-profile e-commerce tenants.• Renaissance Marketplace will offer tremendous amenities:
• Upon completion, the 60-acre Renaissance Marketplace will consist of 430,000 square feet of shopping, dining, entertainment, residential and corporate usage.
• With about 1,300 housing units planned, and an average of about three people per household, city officials said they expect 4,000 new residents and the creation of approximately 11,000 new jobs at full buildout by the 2030s.
• Some of Renaissance Marketplace’s major tenants will include Cinemark Theatres, Burlington, 24 Hour Fitness, Chik-Fil-A, Jamba Juice, Starbucks and Panda Express.
• The site SW of Linden Ave & Renaissance Parkway is also adjacent to Ayres Hotel, a modern, boutique hotel chain with 7 other Inland Empire locations.
AYRES HOTEL - ONTARIO MILLS
RENAISSANCE RIALTO LAND OPPORTUNITY3
SITE PLAN - MIRO WAY
GATEGATE
DETE
NTIO
N BA
SIN
MIRO
WAY
MIRO
WAY
LINDEN AVELINDEN AVE
401,280 SF
920ʼ41 DOCK DOORS
80ʼ80ʼ
420ʼ
60ʼ
GATEGATE
LEGEND
GRADE LEVEL DOORS
DOCK HIGH DOORS
OFFICE SPACE
50ʼ50ʼ108ʼ-2”108ʼ-2”
103ʼ-2”103ʼ-2”
185ʼ185ʼ
66 TRAILERS STALLS66 TRAILERS STALLS
56ʼTYP.
EXECUTIVE SUMMARY 4
SITE PLAN - RENAISSANCE PARKWAY
35ʼ
35ʼ
173ʼ
173ʼ
135ʼ
135ʼ
135ʼ-
9”13
5ʼ-9”
40ʼ40ʼ35
ʼ35
ʼ
40ʼ40ʼ
35ʼ35ʼ
35ʼ35ʼ
35ʼ
35ʼ
41ʼ41ʼ
40ʼ40ʼ
35ʼ
35ʼ
35ʼ
35ʼ
26ʼ26ʼ 26ʼ26ʼ
26ʼ
26ʼ
155,220 SF
NOT A PART
177,710 SF
LEGEND
GRADE LEVEL DOORS
DOCK HIGH DOORS
OFFICE SPACE
RENAISSANCE PKWYRENAISSANCE PKWY
N LO
CUST
AVE
N LO
CUST
AVE
771ʼ660ʼ
25 DOCK DOORS
32 DOCK DOORS273ʼ
212ʼ
212ʼ
272ʼ
RENAISSANCE RIALTO LAND OPPORTUNITY5
AERIAL - MIRO WAY
*While some of the most recognized tenants are based in this area, confidentiality agreements prohibit us from mentioning them by name.
AMZN*
DISTRIBUTION ALTERNATIVES (DA)
TARGET
210
210
AMZN*
AMZN*
GEODISUA*
LIFETIME BRANDSMEDLINENIAGARA
XPOKEECO
MONSTER ENERGY
UA*
NW OF LINDEN AVE & MIRO WAY
LINDEN AVE
MIR
O W
AY
EXECUTIVE SUMMARY 6
AERIAL - RENAISSANCE PARKWAY
210
210
N LOCUST AVE
N RENAISSANCE PKWY
LINDEN AVE
SW OF LINDEN AVE & RENAISSANCE PKWY
NIAGARAKEECO
DISTRIBUTION ALTERNATIVES (DA)
MONSTER ENERGY
AMZN*
AMZN*
AMZN*
MEDLINE
TARGET
GEODISUA*
UA*XPO
*While some of the most recognized tenants are based in this area, confidentiality agreements prohibit us from mentioning them by name.
LIFETIME BRANDS
RENAISSANCE RIALTO LAND OPPORTUNITY7
LOCAL MAP
15
1010
10
15
215
215
215
15
210 210
259
18
66
60
60
210
MUSCOY
RIALTO
ALTA LOMA
KAISER
DECLEZVILLE
CRESTMOREHEIGHTS
FONTANA
RANCHOCUCAMONGA
BELLTOWN
COLTON
Mt.
Vern
on
SAN BERNARDINOVALLEY COLLEGE
SAN BERNARDINO
BLOOMINGTON
JURUPA VALLEY
HIGHGROVE
LA/OntarioInternational
Airport
Rubidoux
Sierra Lakes
Arrowhead
Glen Avon
Hillsisde Rd
Wilson Ave
Lemon Ave
Arrow Rte
E Airport Dr
E Philadelphia St
East Riverside Dr
Edison Ave
Hav
en A
ve
S A
rchi
bald
Ave
Ham
ner A
ve
E 6th St
E 4th St
Valley Blvd
San Bernardino Ave
San Bernardino Fwy
Che
rry A
veC
herry
Ave
E Airport Dr
E Jurupa St Jurupa St
Harrel St
Jurupa Rd
Van Buren Blvd
E Mission Rd
Slover Ave
Santa Ana Ave
S W
illow
Ave
S La
Cad
ena
Dr
Slover Ave
Jurupa Ave
Arm
stron
g Rd
Agua
Man
sa Rd
7th St
Mul
berry
Ave Citr
us A
ve
Locu
st A
ve
Bloom
iingto
n AveW Randall Ave
W Merrill AveWhittram Ave
W Mill St
B.N.S.F. INTERMODAL YARD
Fairway Dr
N R
anch
o A
ve
Banyan St Banyan St
Baseline Rd
Foothill Fwy
Baseline Rd
Miller Ave
Foothill Blvd W 5th St
W Rialto AveArrow Blvd E Rialto Ave
Historic Rte 66
Highland Ave W Renaissance Pkwy
Palm
etto
Ave
Alde
rr A
ve
E Baseline Rd
W 16th St
W 40th St
W 9th St
W Mill St
W Main St
W 48th StKendall Dr
N M
acy
St
Rive
rsid
e A
ve
N E
St
S E
St
Iow
a A
ve
Summit Ave
Sler
ra A
veSl
erra
Ave
Riverside Ave
Historic Rte 66
N Lo
cust
Ave
Aya
la D
r
Sapp
hire
St
Car
nelia
n St
Gro
ve A
veS
Gro
ve A
veS
Gro
ve A
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Her
mos
a A
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Hav
en A
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Arc
hiba
ld A
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S H
aven
Ave
S M
illik
en A
ve M
illik
en A
ve
Etiw
anda
Ave
S Et
iwan
da A
veChur
ch St
Reche Canyon
Barton Rd
Cher
ry A
ve
Rialto
FAIRMOUNTPARK
•
N Lo
cust
Ave
W A
yala
Dr
UPSP SWITCH YARD
Linde
n A
ve
Sier
ra A
ve
RENAISSANCE RIALTO LAND OPPORTUNITY
LEGEND
ON/OFF RAMPSRENAISSANCE SPECIFIC PLAN
LOCATION HIGHLIGHTS- Excellent access to the I-210 freeway via the Alder Ave and Ayala Drive on/off-ramps- Less than 15 minutes to I-215- 15 minutes to I-10 and the BNSF Intermodal Railway Yard- 20 minutes to Ontario International Airport (ONT)
EXECUTIVE SUMMARY 8
210
5
405
405
405
15
15
215
215
215
1010
15
605
710
15
10
110
170
1
39
91
241
91
606060 71
210 210
210
60
74
74
74
241
73
55
1
74
79
38
330
57
57
2
118
PerrisReservoir
GalwayDowns
Port ofLos Angeles
Port ofLong Beach
San Fernando
Van Nuys
ShermanOaks
HollywoodBeverly Hills
Bel Air
SantaMonica
South LosAngeles
Torrance
RanchoPalos Verdes
San Pedro
Compton
LynwoodHawthorne
GardenaManhattanBeach
MontereyPark
El Monte
Montebello
Pico Rivera
Downey
Norwalk
Lakewood
Westminster
Cypress
Seal Beach
Orange
Corona
El Cerrito
La SierraNorco
EastvaleMira Loma University
Yorba Linda
AnaheimHills
ChinoChino Hills
Fullerton
Citrus
Covina
Pomona
ClaremontRancho
Cucamonga Fontana RialtoSan
BernardinoColton
LakeArrowhead
Redlands
Temecula
LakeElsinore
SanClemente
LagunaNiguel
Dana Point
LagunaBeach
NewportBeach
Lake Forest
FoothillRanch
MissionViejo
Murrieta
Burbank
Pasadena
Ontario
HuntingtonBeach
Irvine
Riverside
Anaheim
Santa Ana
Long Beach
MorenoValley
Perris
Walnut
Los Angeles OntarioInternational
Airport
BurbankAirport
John WayneAirport
LAXAirport
12
3
4
5
6
7
1
2
3
4
5
6
7
INTERMODAL YARDS
BNSF
1. BNSF Commerce Eastern2. BNSF Sheila3. BNSF Hobart4. BNSF San Bernardino5. BNSF Watson / Wilmington6. BNSF La Mirada7. BNSF Pico Rivera
1. UP City of Industry2. UP Colton3. UP Dolores4. UP LATC5. UP Mira Loma6. UP Anaheim7. UP Montclair8. UP Yermo
UPSP
RENAISSANCE RIALTO LAND OPPORTUNITY
REGIONAL MAP
SOUTHERN CALIFORNIA IS HOME TO 23.77 MILLION PEOPLE.
R E N A I S S A N C E R I A L T OL A N D O P P O R T U N I T Y RIALTO,
CALIFORNIA
DARLA LONGOBARBARA PERRIERBRETT HARTZELL
MICHAEL KENDALLREBECCA PERLMUTTER FINKEL
TAYLOR ODEGARDGINA CHRISTEN
NATIONAL PARTNERS WEST
GLOBAL INDUSTRIAL & LOGISTICSJack Fraker
© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
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