4.3 Acre Development Hits the Market - Norco
Nathan Demosthenes is pleased to present the opportunity to acquire Parkridge Development Location an approximate 4.3 acre development opportunity in Norco, California. As one of the last remaining large development sites within the Parkridge development, this site represents an incredibly rare opportunity to develop either Office Parks or possibly a mixed-use office/industrial project dependent upon city approval. The Inland Empire is one of the Nation’s most successful industrial markets, boasting a Q4 2018 vacancy factor of only 3.8%, down 30 basis points from midyear (vacancy was 4.0-4.1% at the beginning of the year). 118 buildings were constructed in 2018, totaling 27.7 million square feet, with an additional 24.7 million square feet still under construction.