Empire Circle Industrial Park
3 Highly-Functional Multi-Tenant Industrial Buildings | 100% Leased | Inland Empire
Marketing description
The Offering
CBRE, Inc. as an exclusive advisor is pleased to offer Empire Circle (“The Property”), located at 1802, 1808 and 1814 Commercenter West in San Bernardino, California. The Property is comprised of three multi-tenant industrial buildings totaling ±53,938* square feet in a highly-amenitized Inland Empire location with direct access to I-10 and I-215.
The offering presents an opportunity to acquire a highly functional, small-bay multi-tenant campus with diverse suite sizes – reflecting deeply embedded tenant demand across a diversified rent roll. The assets are 100% leased with below-market rents, providing investors with an opportunity to grow near-term NOI in a park with a historical occupancy of 95% since 2019.
Compelling dynamics for shallow bay continue as supply has grown modestly, leaving many markets with aging inventory and limited new construction. Shallow bay vacancy continues to outpace big-box warehouses by over 250 bps nationally.
* ±53,938 SF (As Leased) / ±55,062 SF (BOMA)
Investment highlights
Download OM here: https://bit.ly/empirecircleCX
►Strong Historical Occupancy | 95% occupancy since 2019, reflecting durable, cycle-tested demand from a diversified small-business tenant base.
►Near-Term NOI Growth | In-place rents are 19% below market, with 41% of the roll expiring in Year 1, providing supportable path to meaningful NOI growth.
►Supply-Constrained Product Type | Small-Bay demand continues to outpace available supply – rising construction costs and development restrictions in urban locations have limited most new projects to larger big-box facilities.
►Suite Size Flexibility | Diverse suite size continuum offers broad tenant appeal and built-in flexibility to accommodate expansion or contraction within the park.
►High-Image Campus Environment | Elevated finish quality from original office DNA differentiates it from conventional industrial product, supporting a broader, higher-quality tenant profile.
►Freeway-Proximate IE East Location | Direct access to I-10 and I-215, combined with proximity to established retail amenities and corporate ecosystem.
►Strong IE East Small-Bay Market Dynamics | The 10–25K SF size range in the IE East has maintained a vacancy rate of just 2.7% (550 bps tighter than the broader IE East) as of Q4 2025 – holding near historically tight levels despite broader market softness.
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