Los Angeles-based Dunleer has acquired 11 industrial buildings on three separate parcels on 9th Street in Upland, CA. The firm paid $8 million for the assets in a transaction brokered by DAUM’s Joe Harmon and Charles Johnson who represented both parties.
“Upland’s neighboring San Gabriel Valley submarket is experiencing an industrial vacancy rate below 0.5%, and the Inland Empire has been among the top performing industrial submarkets in the entire nation. The LA County market fundamentals are forcing more users to seek space further east which creates favorable demand dynamics for Inland Empire West submarkets, including Upland,” said Dunleer Founder BJ Turner.
The building are less than a quarter of a mile from Interstate 10, providing direct access to Los Angeles and the greater Southern California region. They are also proximate to Ontario International Airprort, which was ranked in the top-10 for cargo volume in 2021.
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