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TPA Group Acquires Solar Energy Supplier's Industrial Property In Fontana For $19.9M

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SOLD
$19,900,000

California

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Industrial67,113 SF
Sold 08/21/2023
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SOLD

TPA Group Acquires Solar Energy Supplier's Industrial Property In Fontana For $19.9M

8425 Almeria Ave Fontana, CA 92335, USA

See Similar Deals
Industrial67,113 SF
Sold 08/21/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$296
Total Square Footage:67,113 SF
Transaction Type:Sale

TPA Group has acquired a 67,113-square-foot industrial property in Fontana, California for $19.9 million from Adam Chrisman's entity. The property, located at 8425 Almeria Ave., is currently occupied by solar energy equipment supplier SunEarth.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $19,900,000
  • Address: 8425 Almeria Avenue, Fontana, California
  • Market: Fontana
  • Acres: 3

TPA Group, represented by Bradford Smith, successfully acquired the industrial property from Adam Chrisman. The property boasts a total square footage of 67,113 and was purchased at a price per square foot of $296. The acquisition of this industrial asset marks another milestone for TPA Group in expanding its real estate portfolio.

Players

Bradford Smith
Bradford Smith
4 deals$152.9M volume
BUYER

Details

SOLD
IMAGE: Bradford Smith DATE: 08/21/2023 ADDRESS: 8425 Almeria Avenue MARKET: Fontana ASSET TYPE: Industrial ~ ACRES: 3 BUYER: TPA Group - Bradford Smith SELLER: Adam Chrisman SALE PRICE: $19,900,000 SF: 67,113 ~ PPSF: $296 NOTE: TPA Group has acquired a 67,113-square-foot industrial property in Fontana, California for $19.9 million from Adam Chrisman's entity. The property, located at 8425 Almeria Ave., is currently occupied by solar energy equipment supplier SunEarth.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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