Alere Property Group LLC Acquires 17.42 Acres Industrial Property In Fontana For $38.9M
SOLD
$38,906,000
+ 1
California
See Similar DealsIndustrial350 SF
Sold 03/08/2023
SOLD
Alere Property Group LLC Acquires 17.42 Acres Industrial Property In Fontana For $38.9M
13592 Slover Avenue, Fontana, California 92337, United States
See Similar DealsIndustrial350 SF
Sold 03/08/2023
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$111,160
Total Square Footage:350 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,074,986.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$138,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$184,434.29
Annual Debt Service$2,213,211.47
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