Lawrence Allen & Associates represented Norton 13 LLC ( Seller) in the disposition of a 103,000s.f. industrial building located at 13971 Norton Ave Chino, Ca
Larry Kliger of Lawrence Allen & Associates sold the property to Rexford Industrial also represented by Lawrence Allen & Associates’ agent Larry Kliger. The property, originally designed as a three tenant building is currently occupied by Tuff Stuff International, a manufacturer of fitness equipment. The building is leased currently as a single tenant occupied building. Incoming CAP purchase is estimated at a 3.25 return.
The final purchase price was $110/s.f. or $11,330,000.00
Lawrence Allen & Associates is a full service commercial brokerage and property management firm. Lawrence Allen’s brokerage and management areas of expertise include, industrial, commercial and retail properties. Lawrence Allen & Associates operates throughout the Southern California region.