California Industrial

1,388,210 First Nandina Logistics Center Space
Moreno Valley, Moreno Valley, CA
# 1,388,210 First Nandina Logistics Center ### Another Quality Project of First Industrial Realty Trust First Industrial recently received entitlements from the City of Moreno Valley for a 1,388,210 SF Logistics Center. Construction is expected to begin early 2017. The Project is located in the Inland Empire approximately one hour from the Ports of Los Angeles and Long Beach. This ideal location reaches consumers in Southern California and the approximate 55 million population within a six hour driving radius. Corporate neighbors include Amazon, Home Depot, Lowes, Ross Stores, Hanes, Whirlpool, Proctor & Gamble and Skechers. The facility is designed to provide state-of-the-art features for corporate America searching for a national distribution center, fulfillment center or omni-channel. First Industrial will customize the facility to suit by phasing construction or dividing the building. The Project includes 40’ warehouse clearance, cross-dock loading, 305’ and 240’ concrete truck courts, secured yards, and a 8” concrete slab accommodating heavy floor loads. The building is offered for Lease. The building is located one mile east of the 215 Freeway providing quick and efficient access into the Southern California freeway network. The local market offers an abundant, well trained work force of skilled and unskilled labor. Public Transit Systems provide transportation to the building. Please contact Colliers International to schedule a tour. Features - Cross-Dock Configuration - Divisible from 600,000+ - 40’ Warehouse Clearance - 224 Dock High Doors (9’x10’) & 4 Ground Level Loading Door (12’x14’) - 8” Warehouse Slab - 410 Trailer Stalls (Expandable) - 12,000 SF of Office Space - ESFR Sprinkler System with K25.2 Heads, LED Warehouse Lighting - 2,000 Amps with 4000 UGPS Amps - 305’ and 240’ Concrete Truck Courts - Corporate Neighbors Include: Amazon, P&G, Walgreens, O’Reilly Auto Parts, Harbor Freight Tools, Home Depot, Ross Dress For Less

California

Office Space Market Report

Number of Listings (last 90 days)
10,128
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,300
As of: February 27, 2017

California Rates

On average, listings lease in the $30's per square foot per year. The California region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

California Listing Supply

In the last 90 days, 10133 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the California are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,250 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1958 and are Class B.

California Community

Market Report

Trends and status of the commercial real estate market in California.
Market Report

Market Data

Real time and historical data on commercial real estate listings in California.
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