First Industrial Realty Trust Acquires Industrial Building In Ontario For $5.2M

An approximately 15,244-square-foot industrial building in Ontario has been sold for $5.2 million. The property, located at 1250 E. Francis St. and situated on 2.27 acres, offers easy access to the 60, 10, and 15 freeways in the prime Ontario International Airport area submarket.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,200,000
• Address: 1250 E. Francis St, Ontario
• Market: Ontario
• Size: 15,244 square feet
• Price per square foot: $341

The buyer for this transaction was First Industrial Realty Trust, while the seller was Dobecha Investments. Cody Lerner from Avison Young represented the parties involved in this deal.

Note: Real estate services firm Avison Young facilitated the acquisition of the industrial building by First Industrial Realty Trust. The property, located on 2.27 acres, presents an excellent opportunity due to its desirable location and convenient access to major freeways.