Updated Feb 28, 2025
LaSalle Investment Management Acquires 35.4k SF Fontana Industrial Property For $13.28M
14978 Ceres Ave Fontana, CA 92335, USA
$13,280,000
$375/SF
Building Size
35,400 SF
Asset Type
Industrial
Closing
Aug 14, 2023
About this deal
AI
LaSalle Investment Management, a subsidiary of Jones Lang LaSalle, has acquired a 35,400 sq ft industrial property in Inland Empire for $13.28 million. The property is located at 14978 Ceres Ave. in Fontana and consists of two 1990-built buildings. The transaction represents the latest addition to LaSalle's portfolio, following their previous purchase of a Fontana property for $14 million.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $13,280,000
- Square Footage: 35,400 sq ft
- Address: 14978 Ceres Ave, Fontana
- Market: Inland Empire
The buyer, LaSalle Investment Management, made the acquisition through its representative Mark Gabbay. On the seller's side, Bradley Kaplan, the owner of Trojan Concrete Coring, facilitated the deal. With this purchase, LaSalle expands its presence in the Fontana industrial property market and strengthens its holdings in the Inland Empire region.
On the Map
$13,280,000
$375/SF
Industrial
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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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93