Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale.
Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast corner of Union Ave. and Industry Ave., just north of Philadelphia Ave. in the Airport Area submarket of San Bernardino County.
Jeff Smith and John Seoane of Lee & Associates represented both sides of the sale.
Please refer to CoStar COMPS #2611644 for more information on this transaction.