JLL's Chad Solomon Represents Buyer In Acquisition Of 19.57-Acre Industrial Site In Ontario
517 South Benson Avenue & 629 South Benson Avenue
Building Size
100,000 SF
Asset Type
Industrial
Closing
Dec 8, 2025
AI
The property asset involved in the transaction is a 19.57-acre industrial site located at 517-629 South Benson Avenue in Ontario. It features 13 buildings totaling 50,000 square feet, reflecting the increasing demand for industrial outdoor storage (IOS) assets in the Inland Empire market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Acres: 19.57
- Square Footage: 50,000
- Address: 517-629 South Benson Avenue
- Market: Ontario
- Buyer's Representative: Chad Solomon - JLL
- Seller's Representatives: Gus Andros - Daum Commercial Real Estate Services; Alex DeCampo - Alliance Realty
The deal was facilitated by Chad Solomon, representing the buyer, a Texas-based truck-terminal operator. The seller was represented by Gus Andros from Daum Commercial Real Estate Services alongside Alex DeCampo from Alliance Realty. The transaction highlights the strategic advantages of the site's proximity to major highways and Ontario International Airport.
Players
Ontario 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93