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16611 South Highland Avenue

Tej Ash Acquires Development Site In Fontana For $8.5M

16611 South Highland Avenue

Development Site
441,000 SF
clock iconSold 1 year ago
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Development Site
441,000 sqft

Tej Ash has acquired a development site located at 16611 South Highland Avenue in Fontana. The property spans an area of 441,000 square feet and was sold for a price of $8,494,000, resulting in a price per square foot of $19. The seller, Tom Chad, agreed to the transaction facilitated by broker Arian Zerehi from Commercial Brokers International. The asking price for the property was initially set at $8,810,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $8,494,000
  • Address: 16611 South Highland Avenue, Fontana
  • Market: Fontana
  • Buyer: Tej Ash
  • Seller: Tom Chad
  • Broker: Arian Zerehi - Commercial Brokers International
  • Square Footage: 441,000
  • Price Per Square Foot: $19

Tej Ash successfully acquired the development site from Tom Chad in a deal facilitated by Arian Zerehi of Commercial Brokers International. The transaction closed at a sale price of $8,494,000, meeting the seller's asking price. This acquisition presents an opportunity for Tej Ash to further expand their real estate portfolio in Fontana.


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Arian Zerehi's profile picture
Arian Zerehi
Commercial Brokers International-image
Investment Associate
$67.5M Sold


Deal Summary
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IMAGE: Arian Zerehi DATE: 04/21/2023 ADDRESS: 16611 South Highland Avenue MARKET: Fontana ASSET TYPE: Development Site BUYER: Tej Ash SELLER: Tom Chad BROKER: Arian Zerehi (@Arian_z3) - Commercial Brokers International ASKING PRICE: $8,810,000 SALE PRICE: $8,494,000 SF: 441,000 ~ PPSF: $19

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Address16611 South Highland Avenue


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