Case Study

Optimus Logistics Center

Opportunity

Optimus Logistics Center was developed by Rockefeller Group in 2018 and includes two premier distribution buildings totaling 1.45 million square feet on 68 acres of industrial land in Perris, Calif. With few sites able to accommodate large users, this logistics center offered two buildings, one of approximately 1 million square feet – which is one of the largest distribution buildings in the Inland Empire – and a second building, which is approximately 400,000 square feet.

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square feet

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Years to Complete

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Sale price of Building 2

Project Highlights

Location

The project is located approximately 70 miles east of the Ports of Long Beach/Los Angeles and provide same day delivery to more than 25 million consumers.

Ceilings for E-Commerce

The buildings were attractive to e-commerce users with 36-and 32-foot clear heights, which allow for more cubic storage.

Parking

Both buildings are state-of-the-art, Class A distribution facilities with 232 total truck docks and 449 trailer-parking stalls.

Results

Ferguson Enterprises purchased the 1.04 million square foot building in October of 2018. Ferguson is the largest U.S. distributor of plumbing supplies, PVF, waterworks and fire and fabrication products. The company moved and expanded its Ontario, Calif., operations to the Rockefeller Group site, enhancing its distribution capabilities from 600,000 square feet to more than 1 million square feet while retaining its distribution center in Pomona. Rockefeller Group sold the 406,650-square-foot industrial distribution building to KKR for $43.5 million. 

The sale of the last building at Optimus marked an important milestone for Rockefeller Group in the Inland Empire, showing the company could develop 1.45 million square feet of industrial space on a speculative basis along the I-215 freeway in under 2 years and completing its business plan by selling both buildings shortly after completion of construction. 

Location