Molto Properties announced today that it has acquired a Class A 121,390 square foot distribution center located at 7350 San Gorgonio Dr. in Riverside, California. Todd Naccarato, Founder and Managing Principal at Molto, said, “The Inland Empire continues to be one of the strongest submarkets in the US and we believe in the continued growth along the I-215 corridor. We look forward to making additional investments in the area.”
The recently constructed facility, which is available for lease, features 6,150 square feet of office space, 32’ clear height, 20 dock high doors, two grade level doors, 130’ truck courts, and an ESFR sprinkler system. “This property is in spectacular condition, it features all the modern specifications that users desire,” said Mike Powers, Chief Investment Officer and Senior Principal of Molto Properties. “We look forward to re-tenanting the building this fall, when the current lease expires.”
Colliers International Industrial Specialists Brad Yates and Stefan Pastor brokered the transaction between Molto Properties, LLC and seller Tarifiq Gorgonio, LLC.