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Lawrence Allen & Associates Sells $3.5 Million Industrial Multi-Tenant Park in Fontana, Ca_copy

Industrial Leased Multi-Tenant Park Sells at a 5.5% CAP

Published Friday, February 1, 2019

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.

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