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10585 Banana Avenue, Fontan...

Dedeaux Properties Acquires 7.11 Acres Industrial Property In Inland Empire For $33.6M
SOLDIndustrial

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

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.

Players

Brett Dedeaux

Dedeaux Properties

Buyer

$143.8M

vol

7 deals

Buyer

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