Updated Oct 28, 2024
Dedeaux Properties Acquires 7.11 Acres Industrial Property In Inland Empire For $33.6M
10585 Banana Avenue, Fontana, California 92337, United States
$33,600,000
$108/SF
Building Size
309,806 SF
Asset Type
Industrial
Closing
Aug 8, 2022
About this deal
AI
A 7.11-acre industrial property located at 10585 Banana Avenue in the Inland Empire has been sold for a total of $33,600,000. The transaction took place on 08/09/2022. The property spans a total of 309,806 square feet, resulting in a price per square foot of $108. The sale was facilitated by Dedeaux Properties, with Brett Dedeaux representing the buyer.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $33,600,000
- Address: 10585 Banana Avenue
- Market: Inland Empire
- Acres: 7.11
- Square Footage: 309,806
- Price Per Square Foot: $108
Brett Dedeaux, representing Dedeaux Properties, played a crucial role in facilitating the sale of this industrial property located in the Inland Empire. The transaction showcases the continued activity and investment in the industrial real estate segment within the region.
On the Map
$33,600,000
$108/SF
Industrial
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Fontana Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93