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Wafra Inc. Acquires Fontana Distribution Center For $28.4M

Property Image
SOLD
$28,430,000

California

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Industrial76,809 SF
Sold 07/26/2023
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Property Image
SOLD

Wafra Inc. Acquires Fontana Distribution Center For $28.4M

14815 Hilton Dr Fontana, CA 92336, USA

See Similar Deals
Industrial76,809 SF
Sold 07/26/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$370
Total Square Footage:76,809 SF
Transaction Type:Sale

A distribution center in Fontana has been sold for $28.43 million to Wafra Inc. The property, located at 14815 Hilton Drive, covers an area of 3 acres and comprises 76,809 square feet of office and industrial space. The facility features grade-level and dock-high doors, catering to the ongoing demand for such properties in the Inland Empire region.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $28,430,000
  • Address: 14815 Hilton Drive, Fontana
  • Market: Fontana
  • Acres: 3

Wafra Inc., represented by Fawaz Al-Mubaraki, purchased the distribution center from Compass Danbe Real Estate Partners. The acquisition of this property reflects the continued interest and investment in the Inland Empire region, due to its strategic location and thriving industrial sector.

Players

FA
Fawaz Al-Mubaraki
4 deals$716.8M volume
BUYER
WI
Wafra Inc
BUYER
CP
Compass Real Estate Partners
SELLER

Details

SOLD
IMAGE: Fawaz Al-Mubaraki DATE: 07/26/2023 ADDRESS: 14815 Hilton Drive MARKET: Fontana ASSET TYPE: Industrial ~ ACRES: 3 BUYER: Wafra Inc. - Fawaz Al-Mubaraki SELLER: Compass Danbe Real Estate Partners SALE PRICE: $28,430,000 SF: 76,809 ~ PPSF: $370 NOTE: Wafra Inc. bought a 76,809 sq ft distribution center in Fontana for $28.43 million. The property includes office and industrial space with grade-level and dock-high doors, reflecting ongoing interest in the Inland Empire region.

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