Lawrence Allen & Associates represented BB PROPERTIES LLC ( Seller) in the disposition of a 35,400 s.f. industrial multi-tenant business park located at 14978 Ceres Ave Fontana, Ca.
Larry Kliger of Lawrence Allen & Associates represented the Seller and David Brackman of Ashwill Associates represented Descansando Partners LP( Buyer). The property was an 8 tenant project that included two metal buildings and two parcels totaling over 3.9 Acres of Industrial zoned land.
The final purchase price was $3,500,000 which approximately calculated to a 5.5% return on existing rents.