Rialto Distribution Center

Rialto, CA

Property Highlights

Located in the master planned North Rialto submarket in the Inland Empire West
The development of two (2) Class A industrial buildings totaling more than 1,000,000 sq. ft.
Neighboring Institutional Owners: Prologis (NYSE: PLD), DCT (NYSE: DCT), Liberty Property Trust (NYSE: LPT), Metropolitan Life Insurance (NYSE:MET), TA Realty, Panattoni, Target, Hillwood (A Ross Perot Company)
Neighboring High-Quality Tenants: Target (NYSE: TGT), Under Armour (NYSE: UA), Amazon (NASDAQ: AMZN), UPS (NYSE:UPS), Black & Decker (NYSE: SWK)

Off-market land acquisition at a significant discount to market land comps
The project includes a 428,000 sq. ft. Class A industrial building on approximately 18.5 acres with Interstate 210 freeway visibility as well as a 609,000 sq. ft. Class A industrial building on 26.8 acres.
Located near the 210 & 15 Freeway Interchange

Noticing a demand for industrial developments in the Inland Empire, in 2013 CapRock assembled two land sites totaling nearly forty-five (45) acres in North Rialto comprised of multiple sellers
Exploit the lack of new construction in this submarket as the economic recovery gained momentum
CapRock successfully entitled the two Class A industrial buildings during escrow

Prior to breaking ground on the 1st building, CapRock entered into a forward sale with a public REIT to de-risk the deal and proceeded to build the 609,000 sq. ft. building on a speculatively basis
During construction of the 609,000 sq. ft. building, CapRock successfully negotiated a sale with a large national life insurance company who acquired the building at shell completion
CapRock successfully sold both buildings at completion and outperformed expectations