Saddle Ranch Business Park

3300-3390 Horseless Carriage Drive, Norco, CA

Property Highlights

  • Four (4) building master planned industrial park totaling 422,000 sq. ft.
  • Located near the intersection of 91 Freeway and I-15 Freeway interchange with immediate access to Orange County
  • Neighboring Institutional Owners: Rockefeller Group, KKR Real Estate (NYSE:KREF), LBA Realty, Bixby Land Company, Black Creek, Kensington Realty, Liberty Property Trust (NYSE:LPT)
  • Neighboring High-Quality Tenants: Burlington Coat Factory (NYSE:BURL), Williams Sonoma (NYSE:WSM), Komar Logistics, Steelcase (NYSE:SCS), Lowe’s (NYSE:LOW), Keeco, Nordstrom (NYSE:JWN), Johnson & Johnson (NYSE:JNJ), Georgia Pacific

Property Information

  • Off-market land acquisition is at a significant discount to market land comps
  • Brand New, Class A Industrial Buildings. Building sizes of 158k SF, 95k SF, 87k SF, and 80k SF allow for multiple lease-up options
  • Located in the 2.5% vacant Corona/Norco submarket of the Inland Empire
  • Variety of building sizes to suit potential buyers or tenants
  • Located two blocks west of the I-15 freeway and approximately three and a half miles north of the SR-91 freeway

Business Plan

  • Acquire entitled +/- 23 acre land site in the land constrained Inland Empire West submarket
  • Immediately develop four (4) class A industrial buildings to meet the demand of last mile logistics users
  • Project completed in Fall 2019

The Results

  • Project completed in Fall 2019