Wafra Inc. Acquires Fontana Distribution Center For $28.4M

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.