LOS ANGELES, Oct. 21, 2024 - JLL Capital Markets announced today the $70.1 million sale of a fully leased 278,650-square-foot industrial property located at 13201 Dahlia St. in Fontana, California.
JLL facilitated the transaction between the seller and the acquirer, Rexford Industrial.
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.
The JLL Investment Sales and Advisory team was led by Senior Managing Directors Mark Detmer and Patrick Nally along with Senior Director Evan Moran. The JLL Inland Empire Markets team was spearheaded by Executive Managing Director Mike McCrary, Senior Managing Directors Jeff Bellitti and Ruben Goodsell and Managing Director Hunter McDonald.
"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," said Detmer.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 422 properties with approximately 49.5 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit www.rexfordindustrial.com.
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Jones Lang LaSalle Inc. published this content on October 21, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 21, 2024 at 20:20:16.700.
