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March 28, 2024
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INLAND EMPIRE NEWS
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First Industrial Realty Trust Pays Over $5 Mil for Ontario Facility

4/26/23

A 15.2k sf industrial building situated on 2.27 acres of land in Ontario sold for $5.2 mi ($342/sf). The buyer was First Industrial Realty Trust.

The property is at 1250 E. Francis St, east of Euclid Ave. It is within the prime Ontario International Airport area submarket with easy access to the 60,10 and 15 freeways.

Cody Lerner with Avison Young represented the buyer and the seller, Dobecha Investments. First Industrial Realty Trust, based in Chicago, is a REIT and leading owner, operator, and developer of industrial real estate. The firm owns and has under development approximately 64 msf of industrial space in the top North American industrial markets.





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