Alere Strengthens Foothold in Inland Empire West with White Oak Buy
By: Lisa Brown
Orange County-based Alere Property Group has strengthened its foothold in the Inland Empire West submarket with the acquisition of 8700 White Oak Ave., a 72,051-square-foot single-tenant distribution warehouse in Rancho Cucamonga. Alere acquired the property, which was completed in 2000, at below replacement cost.
The property is currently occupied by a 3PL tenant and is well positioned for last-mile distribution. The 4.37-acre property features a secured drive-around yard with two points of entry. The building offers 26-foot clear height, 15 dock-high doors, two grade-level doors and 4,800 square feet of two-story office space.
Alere’s Southern California portfolio has more than 30 million square feet of industrial space valued at more than $6.3 billion. Alere’s strategy is focused on accessibility to the ports of Los Angeles and Long Beach, and the firm’s assets are home to e-commerce, logistics, distribution and manufacturing tenants such as Tesla, UPS, Kraft, Samsung, Peloton and Isuzu.
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