Dalfen Industrial Acquires Industrial Property in Moreno Valley for $27.2 Million
Dalfen Industrial, led by Richard Weiss and Willis Fries, has purchased a 95,922 square foot industrial property in Moreno Valley, Inland Empire, from Molto Properties for $27.2 million.
In a significant transaction in the commercial real estate market, Dalfen Industrial, a prominent player in the industrial sector, has acquired a 95,922 square foot industrial property in Moreno Valley, Inland Empire, for a total of $27.2 million. The property, located at 24773 Nandina Avenue, offers a prime location in a thriving industrial market, making it an attractive investment opportunity for Dalfen Industrial.
The buyer, Dalfen Industrial, is led by Richard Weiss and Willis Fries, who have a proven track record of successful industrial property acquisitions. With this latest purchase, Dalfen Industrial continues to expand its portfolio and strengthen its presence in the Inland Empire market.
The seller, Molto Properties, led by Michael Powers, has successfully divested the property at a favorable price. Molto Properties is known for its strategic investments in industrial properties and has a strong reputation in the commercial real estate industry.
The deal was facilitated by brokers Michael Kendall, Gian Bruno, and Kenny Patricia of Colliers International. Their expertise in the industrial sector and their extensive network played a crucial role in bringing together the buyer and seller. Colliers International is a leading global real estate services and investment management company, known for its exceptional client service and market knowledge.
The industrial property in Moreno Valley offers a total area of 95,922 square feet, with a price per square foot of $284. The property features modern amenities and infrastructure, making it suitable for a wide range of industrial uses. Its strategic location in the Inland Empire, a major logistics hub, provides easy access to major transportation routes and a large consumer base.
Moreno Valley, part of the Inland Empire region in Southern California, has experienced significant growth in recent years. The area’s proximity to major metropolitan areas, such as Los Angeles, combined with its affordable real estate prices, has attracted businesses looking for expansion opportunities. The industrial market in Moreno Valley has been particularly robust, driven by the e-commerce boom and the need for efficient distribution centers.
This acquisition by Dalfen Industrial aligns with the company’s strategy to invest in high-quality industrial properties in prime locations. The Moreno Valley property presents an opportunity for Dalfen Industrial to capitalize on the strong demand for industrial space in the Inland Empire market.
Overall, this deal showcases the continued strength of the commercial real estate market in Southern California, particularly in the industrial sector. With the involvement of reputable players like Dalfen Industrial, Molto Properties, and Colliers International, this transaction sets a positive tone for future investments in the region.