CBRE, Inc. is exclusively offering the opportunity to acquire Tripoint Logistics Center Bldg 1, a Class A, cross-dock industrial building totaling 1,135,653 SF in the city of Lathrop, CA. Located within a 300-acre master planned logistics park, the site is 100% leased to Fortune 500 company, Wayfair, LLC, (NYSE: W) through October 2029 with 46% below market rent.
The property is strategically located at the junction of I-5 and SR-120 which provides direct access to the densely populated and affluent Bay Area.
The building is in the sweet spot of the Central Valley market where there is 0.0% vacancy for buildings 1M SF and 44% of all user requirements (based on total SF) are in the 1M SF+ size range. Tripoint Logistics Center Bldg 1 features rare 40’ warehouse clearance. Only 14 buildings in the Central Valley are greater than
1M+ SF and only 10 of these 14 buildings offer 40’+ clearance.