PERRIS CIRCLE INDUSTRIAL PARK #1 290 MARKHAM STREET PERRIS, CA

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1 PERRIS CIRCLE INDUSTRIAL PARK #1 290 MARKHAM STREET PERRIS, CA

2 W. MARKHAM STREET PROPERTY SUMMARY PROPERTY DESCRIPTION ADDRESS: SUBMARKET: ACRES: 290 Markham Street Perris, CA Inland Empire East Acres YEAR OF COMPLETION: 2017 DEVELOPER: Circle Industrial RENTABLE BUILDING AREA: 474,235 SF OFFICE SF: 6,008 SF (1.26% Total SF) PERCENT LEASED: 100% TRUCK COURTS: TRAILER STALLS: CLEAR HEIGHT: DOCK DOORS: 153 Stalls 36' Clear 112 Dock Doors 1.18 Doors per 5,000 SF 9 W x 10 H, 24 GA, 2 13 GA Track, 12 Z-Guards INVESTMENT OVERVIEW HFF, as exclusive advisor, is pleased to present the unique opportunity to acquire a fee simple interest in 290 Markham (the Property ) a newly developed, state-of-the-art, 474,235 SF industrial warehouse 100% leased to TechStyle, an e-commerce fashion company through October The offering provides investors the opportunity to acquire stable and predictable cash flows in the Inland Empire, one of the nation s premier industrial markets. Located in Perris, CA, the Property provides for immediate access to I-215, the Ports of Long Beach/Los Angeles, and Southern California s deep population base. The newly developed building has been constructed by Circle Industrial with the highest quality materials and design features. 2

3 MARCH AIR FORCE RESERVE HARLEY KNOX BLVD W. MARKHAM STREET REDLANDS AVENUE 3

4 W. MARKHAM STREET INVESTMENT HIGHLIGHTS 100% LEASED PROVIDING SECURE CASH FLOWS The Property is 100% leased to TechStyle, a well established growing e-commerce fashion company, for ±12 years, with renewal options, producing stable and predictable cash flows through the hold period. PROVEN INDUSTRIAL SUBMARKET WITH ICONIC TENANCY The Inland Empire continues to be a hotspot for many corporate Fortune 500 tenants and institutional investors. This demand is expected to continue given the Inland Empire s strong regional transportation links, limited supply of land and entitlement challenges. Select tenants in the market include Amazon.com, Wayfair, Home Depot, Lowe s, Harbor Freight Tools, General Mills, Hanes, Penske Logistics, Proctor & Gamble, UNFI, Floor & Decor, Walgreens, Whirlpool, Phillips, O Reilly Auto Parts, Sysco, Kia, UPS, Ross, Pepsi and Ralphs. STRATEGIC LOCATION IN A TIER 1 INDUSTRIAL MARKET The Property s location provides easy access to Perris Blvd, the main arterial of Perris and Moreno Valley, I-215, and SR-60 allowing for convenient access to the Ports of Long Beach & Los Angeles, as well as direct transportation routes to service the West Coast. Additionally, the Property provides easy access to Southern California s dense residential base and is located in the Inland Empire which experienced 17.3 MSF of positive absorption and close to 40 MSF of leasing in the past 12 months. NEWLY DEVELOPED WAREHOUSE WITH BEST-IN-CLASS DESIGN Developed by Circle Industrial and constructed by Millie & Severson with the highest quality materials and most efficient design features, 290 Markham is among the most desirable properties in the trade area. The new construction limits the need for capital expenditures for future ownership and provides income security. RENTS INCREASED DEMAND The Southern California industrial markets continue to experience significant upward pressure on rental rates due to increased demand and expansion of E-commerce related uses. Asking rental rates have reached all-time highs throughout Southern California with Inland Empire still providing a significant discount or spread of 43% below asking rents in the Los Angeles & Orange County markets for large bulk distribution. 4

5 SITE AND OFFICE FLOOR PLANS Forklift Ramp Employee Break Area 3,400 SF Trailer Stalls 56 Dock High Doors 474,235 SF 56 Dock High Doors 78 Trailer Stalls Office 6,008 SF Existing Office OFFICE FLOOR PLAN NOT TO SCALE. 5

6 INVESTMENT SALES ADVISORS ANTHONY BRENT CA Lic. # RYAN MARTIN CA Lic. # ANDREW BRINER CA Lic. # LOCAL MARKET SPECIALIST MICHAEL GIULIANO Lee & Associates Principal / Senior Vice President, Ontario mgiuliano@lee-assoc.com CA Lic. # DEBT ADVISORS TODD SUGIMOTO tsugimoto@hfflp.com CA Lic. # KEVIN MACKENZIE Senior kmackenzie@hfflp.com CA Lic. # PERRIS CIRCLE INDUSTRIAL PARK #1 290 MARKHAM STREET PERRIS, CA ANALYSTS JONATHAN METCALFE Real Estate Analyst jmetcalfe@hfflp.com CA Lic. # MARK DEGIORGIO Associate mdegiorgio@hfflp.com CA Lic. # Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on ATLANTA AUSTIN BOSTON CAROLINAS CHICAGO DALLAS DENVER HOUSTON INDIANAPOLIS LOS ANGELES MIAMI NEW JERSEY NEW YORK CITY ORANGE COUNTY ORLANDO PHILADELPHIA PHOENIX PITTSBURGH PORTLAND SAN DIEGO SAN FRANCISCO TAMPA WASHINGTON D.C. LONDON