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Kevin McKenna Of Colliers International Represents Molto Properties In Fontana Industrial Lease Deal

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LEASED

California

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Industrial190,554 SF
Leased 04/22/2021
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LEASED

Kevin McKenna Of Colliers International Represents Molto Properties In Fontana Industrial Lease Deal

16477 Slover Ave, Fontana, CA, 92337

See Similar Deals
Industrial190,554 SF
Leased 04/22/2021
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:190,554 SF
Transaction Type:Lease

The newly built logistics center at 16477 Slover Ave in Fontana, California has been fully leased by Sell Below Cost USA to a China-based fulfillment firm. The 190,554-square-foot facility features 36-foot warehouse clearance, a 185-foot all-concrete truck court, 24 dock high doors, and nearly 7,000 square feet of office space. Situated less than a mile south of Interstate 10, the property is strategically located to access consumers across Southern California and within a six-hour drive of 55 million people.

Summary of transaction details:

Kevin McKenna and Greg Merrill of Colliers represented Molto Properties in the lease transaction. The privately held developer, Molto, collaborated with LDC Industrial Realty to develop the state-of-the-art project. As per a Colliers representative, Sell Below Cost USA, a top 500 seller on Amazon.com, will utilize the fulfillment center for general product storage and delivery. The lease agreement highlights the surging interest in logistics spaces by fulfillment companies dealing with imports from China as trade activity at the Ports of Los Angeles and Long Beach escalates.

Players

Kevin McKenna
5 deals$135M volume
BROKER

LANDLORD

Details

LEASED
IMAGE: 04/22/2021 ADDRESS: 16477 Slover Ave, Fontana, CA, 92337 MARKET: Fontana ASSET TYPE: Industrial LANDLORD'S REP: Kevin McKenna(Colliers International) LANDLORD: Molto Properties SQUARE FEET: 190554

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Deal Type
Effective Rent (Annual)

$10,922,440.29

Total Lease Value

$109,224,402.92

Net Landlord Cash Flow$10,922,440.29