IHC State LLC Sells Mixed-Use Property In Ontario For $57.1 Million With Daum Commercial

IHC State LLC sold a fully leased mixed-use property located at 875 West State Street, Ontario, California, for $57.1 million. The asset comprises an industrial and office building with a total area of 256,722 square feet and a price per square foot of $222. The facility features a cross-dock design, 40-foot clear height, 51 dock-high doors, two ground-level doors, and 2,000 amps of power available.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $57,100,000
• Address: 875 West State Street, Ontario, California
• Square Footage: 256,722
• Price per Square Foot: $222
• Buyer: Andy Sands - The Orden Company
• Seller: IHC State LLC
• Broker Representatives: Eric Fikse & Eric Burney - Daum Commercial

Eric Fikse and Eric Burney of Daum Commercial represented the seller in this transaction, with Fikse also facilitating the buyer's engagement from Santa Fe Springs-based Orden Company. The transaction highlights the active participation of reputable brokers in facilitating significant commercial real estate deals within the Ontario market.