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12/01/20
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The Bendetti Company has acquired La Crosse Business Park, a six-building, 113.9k sf, multi-tenant complex in Colton, for $12.3 mil. The property, located at 2273 to 2283 La Crosse Ave, currently has 25 tenants occupying over 86% of the property.
Situated on 7.5 acres and built in 1989, the property features fully sprinklered units, 12' to 14' grade-level loading doors in all units, and warehouse heights from 14' to 16'. La Crosse Business Park is located within the Inland Empire East submarket in San Bernardino County. It is immediately adjacent to the 215 freeway and is 20 miles from Ontario International Airport.
Alan Pekarcik and Chris Smith with Avison Young represented the buyer in the deal. The seller, a Los Angeles-based private owner, was repped by Nicolas Chang of NAI Capital. The deal was financed with a two-year, floating-rate non-recourse loan of $10.1 mil. The loan was arranged by John Chun and Peter Thompson of JLL and funded through Prime Finance.
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