DRA Advisors Acquires Industrial Property In Colton For $19M

The Bendetti Company has sold an industrial property in Colton to DRA Advisors for $19 million. The property, located at 2273-2283 La Crosse Avenue, encompasses 6.63 acres of land and includes six buildings. The total square footage of the industrial space is 112,259 square feet. With a price per square foot of $169, this transaction marks a significant investment in the Colton market. The site's strategic location near other distribution facilities, such as a Sprouts distribution center and Lineage Logistics, adds to its appeal.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $19,000,000
• Address: 2273-2283 La Crosse Avenue
• Market: Colton
• Acres: 6.63

DRA Advisors, represented by David Luski, made this notable purchase from The Bendetti Company, with Robert D. Bendetti acting as the seller's representative. This acquisition is expected to contribute to DRA Advisors' portfolio in the industrial sector. Both parties involved in the transaction have successfully navigated this deal, showcasing their expertise and commitment to the real estate market.