CapRock Partners, a Newport Beach, California–based industrial real estate investment and development firm, has broken ground on Serrano Business Park in Jurupa Valley, California. The project will comprise three class-A industrial buildings with units ranging from 31,220 square feet to 179,030 square feet and deliver 327,000 square feet of new modern industrial space to the market.
The announcement follows CapRock Partners’ recent acquisition of the 18-acre land site in Riverside County, an Inland Empire West location that’s highly desirable for last-mile logistics delivery to the region. The project follows the firm’s recent acquisitions and developments of institutional-quality logistics properties in Southern California’s Corona and Norco, as SoCal Real Estate recently reported.
Bob O’Neill, SVP of acquisitions at CapRock Partners, says Serrano Business Park is “designed to exemplify the future of industrial manufacturing facility and sustainability standards” and that “the development will optimize overall user efficiency, and drive output for tenants.”
Each building will offer 2 percent prism skylights and can provide up to 4,000 amp, 277/480 volt electrical power. The buildings will also meet new sustainability standards consistent with California Green Building Standards Code.
To complement tenant needs for optimal functionality, the project will incorporate 4,500 square feet of executive office space positioned between the three buildings. The facilities will include minimum door clearances of 32 feet and ample secured parking and truck courts.
Scheduled for delivery in Spring 2019, Serrano Business Park is located half a mile from SR 60 on San Sevaine Way, with easy access to I-15 and I-10. It is less than five miles from Ontario International Airport and is within 50 miles of the Ports of Long Beach and Los Angeles. Corporate neighbors include Amazon, UPS, Home Depot, Costco, Walmart and FedEx.
“As the industrial market continues to tighten in Inland Empire West, we are experiencing an abundance of tenant and buyer interest and are eager to deliver notable properties like Serrano Business Park to meet industry demand,” O’Neill says.