TP-Link USA Corporation Acquires 100326 SF Property From Newcastle Partners Inc For $15.9M

The Class A industrial facility located at 15292 Fairfield Ranch Road in Chino Hills, CA is a 100,326-square-foot asset that has been sold for $15,900,000. The property features over 5,300 square feet of two-story office space, a 32-foot warehouse clearance, and is equipped with an ESFR sprinkler system. It includes 10 dock-high loading doors, one grade-level door, 118 auto parking spaces, and a secured truck court and yard area. The facility sits on a 4.87-acre site and was completed by Newcastle Partners, Inc.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,900,000.00
• Buyer: TP-Link USA Corporation
• Seller: Newcastle Partners Inc
• Buyer’s Representative: Brian Bennett - Kidder Mathews
• Seller’s Representatives: David Consani - CBRE, Jim Koenig - CBRE
• Market: Chino Hills
• Date of Completion: November

TP-Link USA Corporation, a provider of consumer networking products, is the new owner-user planning to relocate and expand from its current location in Brea, CA. Newcastle Partners, Inc. sold the Chino Hills Commerce Center as part of its recent development activities.