DALLAS, Jan. 11, 2022 /PRNewswire/ — Dalfen Industrial has acquired a 417,600 sq. foot industrial constructing in Lathrop, CA – a submarket inside East Bay’s Central Valley. The chance was sourced off-market and is 100% occupied with a further 10.85 acres of prime developable land.
The property has a strategic final mile location with shut proximity to I-5 in addition to the Port of Stockton and the Union Pacific and BNSF Railroads. This location provides entry to over 839,000 folks inside a 30-minute drive with a inhabitants that’s rising at a fee 47% sooner than the nationwide common. Different firms within the space embody Residence Depot, Wayfair, Tesla, Amazon, DHL and Kraft.
“Sturdy progress dynamics on this area have resulted in rising industrial demand, making this a fantastic addition to our west coast portfolio,” stated Wealthy Weiss, Market Officer for Dalfen. “The Central Valley is a serious west coast distribution hub with same-day supply capabilities to just about 46 million folks between San Francisco, Sacramento, Los Angeles, San Diego, and Las Vegas, and all of the cities in between.”
“This acquisition exemplifies our continued focus of including strategically situated west coast industrial property to our portfolio with a purpose to bolster our final mile success middle footprint within the area” markets.” stated Sean Dalfen, President and Chief Funding Officer at Dalfen Industrial. In 2021, Dalfen Industrial has acquired and developed $2.3 billion in industrial properties.
Dalfen Industrial is without doubt one of the nation’s largest patrons of business actual property and is a pacesetter within the last-mile property sector. Their funding focus is on strategically situated city infill warehouses and distribution buildings. Dalfen presently owns and operates tens of millions of sq. toes of premier industrial properties all through the US.
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SOURCE Dalfen Industrial