Pacific Tank Lines - IOS Sale-Leaseback
Industrial | 5.00% CAP | 30,500 SqFt
Marketing description
Northmarq is pleased to present the opportunity to acquire the mission-critical headquarters and maintenance facility of Pacific Tank Lines located in Riverside, CA. This offering is structured as a 5-year absolute NNN sale leaseback, providing an investor with a secure, passive income stream backed by a dominant regional leader in the petroleum distribution sector. The facility serves as the central command and primary maintenance hub for the tenant's regional operations, perfectly suited for the technical and logistical demands of the fuel transportation industry.
The 30,500 square foot property features a strategic mix of high-power warehouse space for fleet maintenance and professional office build-out, situated on an expansive 5.39-acre site. This asset represents a premier industrial investment in the heart of the Inland Empire, one of Southern California's most resilient and sought-after logistics hubs. Please contact the listing brokers for more information.
Investment highlights
5-YEAR ABSOLUTE NNN SALE LEASEBACK - The tenant will enter into a brand new 5-year lease at the close of escrow, including a fair market value renewal option, offering a completely passive investment with no landlord management responsibilities. Seller is open to longer lease term if Buyer requires it. Please reach out to Broker for more details.
BELOW-MARKET RENT WITH MARK-TO-MARKET UPSIDE - The current rent is set modestly below prevailing Inland Empire market rates, providing downside protection today and a compelling value-add opportunity at lease expiration -- where an investor can capture meaningful upside through a market reset or pursue redevelopment of this irreplaceable, large-acreage site.
DOMINANT INLAND EMPIRE LOGISTICS CORRIDOR - Strategically located in Riverside, CA, the primary gateway of the most critical logistics and distribution hub in the Western United States, the facility sits at the nexus of the I-215, SR-60, and I-10, which collectively carry over 500,000 vehicles per day and provide direct, high-speed connectivity to the Ports of Los Angeles and Long Beach.
AGGRESSIVE RENT GROWTH - The lease features a 4% annual rent increase, providing a significant hedge against inflation and a superior growth profile compared to standard industrial escalations.
MISSION-CRITICAL HEADQUARTERS & MAINTENANCE FACILITY - This site serves as the well-established hub for the tenant's regional operations, featuring specialized improvements essential for the daily maintenance and dispatch of a largescale petroleum distribution fleet.
STRONG CORPORATE CREDIT SUPPORT - The lease is backed by Pacific Tank Lines, Inc., with consistent revenues above $15 million and a demonstrated upward trend in operational efficiency.
RECESSION-RESILIENT ESSENTIAL INFRASTRUCTURE - Operating in the essential petroleum transportation sector, the tenant maintains steady demand regardless of broader economic volatility, ensuring the long-term viability of the real estate.
FAVORABLE DEMOGRAPHICS & ROBUST CONSUMER BASE - The Riverside MSA serves a population of approximately 4.6 million people with a median household income of ~$104,000. Riverside County's population has grown steadily and is projected to continue expanding, driven by migration from higher-cost coastal markets.
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