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| 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.
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| 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.”
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| 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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