Updated Oct 29, 2024
Alere Property Group LLC Acquires 17.42 Acres Industrial Property In Fontana For $38.9M
13592 Slover Avenue, Fontana, California 92337, United States
$38,906,000
$111,160/SF
Building Size
350 SF
Asset Type
Industrial
Closing
Mar 7, 2023
About this deal
AI
The industrial property located at 13592 Slover Ave in Fontana has been sold in a transaction completed on March 8, 2023. The property spans across 17.42 acres and is situated in the Fontana market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $38,906,000
- Address: 13592 Slover Ave
- Market: Fontana
- Acres: 17.42
The buyer of this property is Alere Property Group LLC, while the seller is CP Fontana. The deal was facilitated by the broker team of Richard Lee, Nicholas Chang, Justin Kuehn, and Sione Fua from the Lee Chang Kuehn Fua Group at NAI Capital Commercial.
The property encompasses a total area of 350,000 square feet, resulting in a price per square foot of $111.
Players
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93