Industrial Outdoor Ventures Enters Inland Empire Market with Two Major Acquisitions
Rialto & Colton, CA – Industrial Outdoor Ventures (IOV), the first national real estate investment company focused exclusively on the acquisition, development and re-development of Industrial Services Facilities, has added a 24,000-square-foot warehouse facility/maintenance shop located at 2650 S. La Cadena Dr. in Colton, CA, and a 13,400-square-foot shop and yard facility located at 2353 S. Cactus Ave. in Rialto, CA, to its growing U.S. portfolio. It marks the firm’s official entry into the very active Southern California market. Sale prices were undisclosed.
“Southern California is a target market for IOV,” said CEO Tom Barbera. “These investments are the ideal fit and are just the beginning of big things for IOV in the Inland Empire market.”
2650 S. La Cadena Dr. sits on 7.2 acres and features a 24,000-square-foot metal building, with a 2,500-square-foot office and an open-air crane bay. Fully secured and zoned for industrial, it offers tremendous exposure with more than 900 feet of frontage along I-215. It is an ideal property for bulk material distributors or equipment rental sales and service and/or those seeking a high visibility industrial services location.
Industrial Outdoor Ventures bought property vacant but plans to make a variety of enhancements including remodeling the office, resurfacing the parking lot, and adding new landscaping and LED lighting.
The seller was LVS Trading.
In the second acquisition, IOV bought a 13,400-square-foot, new construction industrial maintenance building at 2353 S. Cactus Ave.from Wheeler Trucking. The fully secured property features a 19,200-square-foot canopy, concrete parking surface and 24’ clearance. It’s in a prime location with direct access to Interstate 10 and less that half a mile from the Union Pacific West Colton rail yard and near Ontario International Airport.
Industrial Service Facilities are mission critical facilities that are used to store, maintain and or dispatch heavy equipment and/or bulk material. They are primarily used by the transportation, construction, construction material and utility industries.
IOV is currently in acquisition mode, seeking to acquire $100 million plus in assets over the next 12 months, with a five-year plan to amass more than $500 million in product type. IOV currently has $100 million in assets in major markets such as Atlanta, Chicago, Dallas, Houston, Southern California and Denver.