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Lee & Associates Closes $3.2 Million Industrial Sale in Fontana

The rail-served property contains three ground levels and is located in the Greater Ontario Airport Region

13041 Union Avenue
PRLog - Dec. 6, 2012 - Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the $3.2 million industrial sale at 13041 Union Ave. in Fontana, Calif.

Jeff Smith and John Seoane of Lee’s Ontario office represented both the buyer, Mendocino Forest Products Co., LLC, and seller, The Richard S. Anfinson and Patricia J. Anfinson Living Trust, in this transaction. Mendocino is a leading manufacturer and distributor of environmentally certified lumber products throughout California and the Western U.S.

“This property has some unique features that appealed to manufacturing users in the market. The heavy power, extra land, external dock loading pad and rail service all created an exclusive property for the right end user,” said Seoane. “Despite existing issues with the current loan and limited options available, we were still able to close the deal in a short timeframe.”

Built in 1979, the 53,825-square-foot building currently resides on 5.59 acres of land. The rail-served property contains three ground levels and is located in the Greater Ontario Airport Region near Etiwanda Ave. and Marlay Ave. The dock loading for the building is done by an external dock loading pad that services trucks and rail cars. Some major nearby tenants are Technicolor Cinema Distribution, Hyundai Motor America, NAPA Distribution Center, Kuehne & Nagel, Coca Cola, 3M and GE Lighting.

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Source:The Hoyt Organization
Location:California - United States
Industry:Real Estate
Tags:commercial real estate, california
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