Updated Feb 28, 2025
LaSalle Investment Management Acquires Industrial Site In Fontana For $14M
15060 Ceres Ave Fontana, CA 92335, USA
$14,000,000
$2,333/SF
Building Size
6,000 SF
Asset Type
Industrial
Closing
May 22, 2023
About this deal
AI
LaSalle Investment Management, a subsidiary of Jones Lang LaSalle, purchased a four-acre industrial site in Fontana for $14 million. The property, located at 15060 Ceres Ave, includes a 6,000-square-foot building and is situated near major highways and the Auto Club Speedway.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Square Footage: 6,000
- Price per Square Foot: $2,333
- Address: 15060 Ceres Avenue
- Market: Fontana
- Buyer: LaSalle Investment Management - Mark Gabbay
- Seller: Charles Edward Dubay
- Date: 05/22/2023
LaSalle Investment Management, represented by Mark Gabbay, acquired the industrial site in Fontana. The property offers a 6,000-square-foot building and is conveniently located near major highways and the Auto Club Speedway.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93