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12/27/16
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We’ve got a couple of recent SoCal industrial sales comp to report. One of the deals is a land sale while the other was for a vacant building.
In one of the transactions, a 14.25-acre parcel of land located at the northeast corner of Cherry Ave and Randall Ave in Fontana was acquired by D. Thompson Properties LLC in a $7.76 mil transaction. The property was sold by the State of California and the County of San Bernardino. Jack Whalen, SIOR, with Heger Industrial introduced the site to the buyer.
In the other deal, a vacant, 22k sf building in Vernon traded for $4.2 mil, or $190/sf. The building, located at 4320-4334 S. Santa Fe Ave, was purchased by Saeed Dagan, Italian Fabrics Inc.
Heger’s Nick Arnst represented the seller, Shalom Wolfingher, and Frank Lahijani. Kash Zad with Global Commercial repped the buyer in the deal.
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