Thursday, October 25, 2012

Colliers International Completes $7.8 Million Sale of Industrial Building in Fontana, CA in an Off-Market Transaction to REIT Buyer



13508 Marlay Ave., Fontana, CA
 ONTANA, CA --Colliers International, the third largest global real estate services organization, has completed the $7,825,000 sale of a Class A industrial property totaling 111,419 square feet located at 13508 Marlay Ave. in Fontana, Calif. 

Built in 2005, the property is situated on 5.5 acres of land and is fully occupied by Organize It All, Inc., an importer of house wares products who uses the facility for warehouse and distribution purposes. 
Brad Yates

Brad Yates, Richard Schwartz, and Stefan Pastor of Colliers International represented the buyer, Molto Capital, LLC, a REIT from Oakbrook, IL. The seller was C.H. HU Corporation, an ownership entity of Organize It All, Inc. who represented itself. 

“The building was not listed on the market for sale, but our team was able to identify the right REIT for the transaction and close escrow in a timely manner,” said Yates. “The seller was an owner-user who wanted to free up some capital to reinvest back into the company. They signed a two-year lease and will remain in the property.”

Richard Schwartz
The property has zero deferred maintenance and includes 4,000 square feet of office space, 20 docks, 30’ clear height, ESFR sprinkler system and a fenced yard.

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