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10/21/19
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A 9.6k sf, flex R&D facility in Ontario sold for $2.54 mil, or $265/sf, in an all-cash deal.
The flex R&D facility is located at 3325 Shelby St. Built in 1970, the property features a 3.2k sf high-end office, gated wraparound yard with excess parking on a fully improved 1.30-acre parcel. The facility has one grade level door, 15' minimum clearance, and 400 Amps 120/208-volt power. The property is in a central location with immediate access to the 10 and 15 freeways.
Nicholas Chang, CCIM, SIOR, Richard Lee, SIOR, Justin Kuehn and Sione Fua with NAI Capital represented the seller, 3325 Shelby LLC. The buyer was Shelby3325 LLC.
“We are seeing strong demand from users to purchase industrial buildings in the West Inland Empire.” Richard added, “Ontario is one of the most sought cities in the region. Good product is in short supply. With regards to this specific building, the ability for a service contractor to park surplus vehicles and supplies in the private and secure oversized yard area created a tremendous amount of additional value.”
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