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10/22/24
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In a recent Inland Empire industrial trade, Rexford Industrial Realty acquired a fully leased 278.7k sf property in Fontana for $70.1 mil ($251/sf). The property is located at 13201 Dahlia St, east of I-15 and south of I-10.
The cross-dock industrial facility, constructed in 1989, features a 30-foot clear height, 59 dock high and four grade level doors. The property was fully leased to a credit tenant at time of sale. The building benefits from immediate logistical access to the nation’s most critical supply chain infrastructure and Southern California’s population of over 25 million people.
Mark Detmer, Patrick Nally, Evan Moran, Mike McCrary, Jeff Bellitti, Ruben Goodsell and Hunter McDonald with JLL were involved in facilitating the transaction.
“The property's strategic location, unique functionality and full occupancy at a market rate made it an attractive investment opportunity in one of the nation's most competitive industrial markets,” commented Detmer.
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