JLL Capital Markets successfully facilitated the off-market acquisition of a fully leased industrial property located at 13201 Dahlia St. in Fontana for $70.1 million. The property, which spans 278,650 square feet and was built in 1989, was sold by AXA Real Estate to Rexford Industrial as part of their third-quarter results.
The facility is strategically situated for logistical access to critical supply chain infrastructure and Southern California’s population of over 25 million people. At the time of sale, it was fully occupied by a credit tenant.
Leading the transaction were JLL senior managing directors Mark Detmer and Patrick Nally, along with senior director Evan Moran from the Investment Sales and Advisory team. The Inland Empire Markets team at JLL also played a crucial role with executive managing director Mike McCrary spearheading efforts alongside senior managing directors Jeff Bellitti and Ruben Goodsell, as well as managing director Hunter McDonald.
This deal marks another successful acquisition for Rexford Industrial through an off-market transaction facilitated by JLL Capital Markets.
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