Magellan Value Partners Sells Industrial Warehouse In Fontana For $30.2 Million With Daum Commercial

A 113,930-square-foot Class A industrial distribution warehouse located at 6260 Mango Avenue in Fontana was sold for $30,200,000. The asset features a clear height of 32 feet, 19 dock-high doors, and provides freeway access to major Southern California logistics corridors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,200,000
• Address: 6260 Mango Avenue
• Market: Fontana
• Price per Square Foot: $265
• Seller: Martin Slusser - Magellan Value Partners
• Buyer’s Representatives: Steve Haston - Daum Commercial Real Estate Services; John Lasiter - LA Commercial
• Seller’s Representatives: Noah Samarin, David Gores & Gary Womack - Daum Commercial Real Estate Services

Daum Commercial Real Estate Services facilitated the sale on behalf of the seller, Magellan Value Partners, to a New Jersey-based clothing distribution company. The transaction highlights the involvement of multiple representatives, showcasing the collaborative efforts in this deal, with significant participation from both buyer and seller representatives.