DALLAS, Jan. 11, 2022 /PRNewswire/ -- Dalfen
Industrial has acquired a 417,600 square foot industrial building
in Lathrop, CA – a submarket
within East Bay's Central Valley. The opportunity was sourced
off-market and is 100% occupied with an additional 10.85 acres of
prime developable land.
The property has a strategic last mile location with close
proximity to I-5 as well as the Port of Stockton and the Union Pacific and
BNSF Railroads. This location offers access to over 839,000
people within a 30-minute drive with a population that is growing
at a rate 47% faster than the national average. Other companies in
the area include Home Depot, Wayfair, Tesla, Amazon, DHL and
Kraft.
"Strong growth dynamics in this region have resulted in
increasing industrial demand, making this a great addition to our
west coast portfolio," said Rich
Weiss, Market Officer for Dalfen. "The Central Valley is a
major west coast distribution hub with same-day delivery
capabilities to nearly 46 million people between San Francisco, Sacramento, Los
Angeles, San Diego, and
Las Vegas, and all the cities in
between."
"This acquisition exemplifies our continued focus of adding
strategically located west coast industrial assets to our portfolio
in order to bolster our last mile fulfillment center footprint in
the region" markets." said Sean
Dalfen, President and Chief Investment Officer at Dalfen
Industrial. In 2021, Dalfen Industrial has acquired and
developed $2.3 billion in industrial
properties.
About Us
Dalfen Industrial is one of the nation's largest buyers of
industrial real estate and is a leader in the last-mile property
sector. Their investment focus is on strategically located urban
infill warehouses and distribution buildings. Dalfen currently owns
and operates millions of square feet of premier industrial
properties throughout the United
States.
Media Contact:
press@dalfen.com
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SOURCE Dalfen Industrial