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Wallace Development

PROPERTY OVERVIEW

1. Gateway to Los Angeles and other surrounding counties
2. Low Vacancy and Strong Demand in Industrial Market

HOW TO GET THERE

– 60 Freeway / Azusa Ave Exit
– Downtown Los Angeles : 21.3 mi
– Ontario International Airport : 22.3 mi
– Los Angeles International Airport : 34.6 mi

PROPERTY INFORMATION

– Location: 1020 Wallace Way, City of Industry, CA
– Land Area: 2.56 acres
– Building Size: 55,711 sf
– Ground-up Industrial Warehouse

PROJECT HIGHTLIGHTS

1.Strategic location: City of Industry is situated in a prime infill market located in between Los Angeles, Orange, San Bernardino, and Riverside Counties. Its transportation and logistics corridor helps transfer goods from the world into the U.S.
2.Transportation: excellent freeway accessibility, close proximity to downtown Los Angeles, access to Metrolink, Transcontinental railroads, Ports of Los Angeles and Long Beach, and Los Angeles and Ontario international airports, as well as a diverse labor pool.
3.Low vacancy & High rent rate: the area has a strong demand for industrial property, with vacancy rate as low as 1.98% and average rent rate of $0.91/sf/month, which is higher than state average $0.84/sf/month.

CITY OF INDUSTRY AREA OVERVIEW

STRATEGIC LOCATION

  • Economic hub of San Gabriel Valley, which is part of the Greater Los Angeles Basin, the largest industrial base in the U.S.
  • Intersection of Los Angeles, Orange, San Bernardino, and Riverside Counties
  • Gateway to the eastern U.S.: along the most important transportation and logistics corridor for moving products and materials from Asia, Mexico and the Pacific Coast to the eastern U.S.

TRANSPORTATION

  • Transcontinental railroads: Union Pacific and Southern Pacific (running westerly to Los Angeles and easterly to Riverside), 41-mile rail bypass (access to West Coast’s largest seaports, the Ports of Los Angeles and Long Beach)
  • Major highways: Interstate 10, the Pomona Freeway (State Route 60), the San Gabriel River Freeway (Interstate 605), the Orange Freeway (State Route 57), and the Chino Valley Freeway (State Route 71)
  • Trucking lines: more than 50 major trucking lines are franchised to serve the area.
  • Industry Metrolink station: busiest station in the entire Metrolink system, connects Ventura, Los Angeles, Orange, San Bernardino and Riverside Counties
  • Major airports: Ontario International Airport (18 miles), Hollywood Burbank Airport (34 miles), Los Angeles International Airport (40 miles), John Wayne Airport (40 miles)

 

BENEFITS FOR BUSINESSES

  • No taxes/fees: including professional tax, utility tax, city business license fees, wholesale/retail fees, manufacturing fees
  • Diversified labor pool: draws well-trained workforce, as well as highly skilled technical, professional personnel throughout the nation
  • Wide range of facilities: ranging from light industrial, warehousing, distribution and retail, office suites as well as buildings for corporate headquarters
  • Allows 24-hour business operations: overnight delivery can be made to all major California cities, as well as Arizona, Phoenix, and Las Vegas
  • Excellent quality roads: designed for large truck operations

 

REGIONAL ECONOMIC DRIVERS

  • Zoning: 92% industrial, 8% commercial
  • High-tech import/export center: 155 million sf industrial inventory, home to over 4,000 businesses, employing more than 64,000 people and total sales over $31 billion dollars
  • Major sectors: Retail Trade (20%), Wholesale Trade (14%), and Manufacturing (10%)
  • Major auto dealerships: Toyota, Nissan, Chevrolet, Volkswagen, and Hyundai
  • Major manufacturing companies: Allfast Fastening Systems, ViewSonic, Hot Topic, Utility Trailer Manufacturing Company, Golden State Foods, Reuland Electric Co., Lights of America, and Sunrider Corporation
  • Major commercial areas: The Puente Hills Mall (over 200 retail outlets), The Plaza at Puente Hills (66-acre, $20 million complex, over 600,000 sf retail/restaurants), The Puente Hills East Business Center, The Crossroads Business Park (110 acres, 1.2 million sf office, R&D facilities)
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