Panattoni Development Acquires Fontana Driving School For $14M

Panattoni Development Company has acquired a 2.3-acre school property located at 13946 Jurupa Avenue in Fontana. The transaction took place on 11/22/2023. The property, consisting of a 5,000 sq ft driving school, was sold for a total of $14,000,000, resulting in a price per square foot of $2,800.

Summary of transaction details

• Property Type: School
• Transaction Amount: $14,000,000
• Address: 13946 Jurupa Avenue, Fontana
• Market: Fontana
• Acres: 2.3

Panattoni Development Company, represented by Adon Panattoni, completed the acquisition. Panattoni Development Company is a renowned developer with a portfolio encompassing over 594M sq ft of industrial projects. The company has been actively involved in various industrial deals in recent months. This acquisition further strengthens their presence in the market.