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Loop Investment Pays $5.2M for Industrial Bldg.

Loop Industrial Partners Sells Asset in Ontario
December 19, 2017
Loop Investment, LLC and Takari International, Inc., an Anaheim-based international food trading company, acquired the two-story, 33,000-square-foot industrial building in Ontario, CA from Loop Industrial Partners for $5,208,840, or about $158 per square foot.

The industrial building delivered to the Airport Area Submarket in October, 2017, at 521 N Loop Rd. The tenant, Takari International, Inc., an importer and distributor of specialty foods, was attracted to the building due to the new construction and amenities; such as, secured yard area, ESFR sprinkler system, four dock-high doors and approximately 3,000 square feet of office space.

Richard Bell of Quackenbos-Bell Commercial Real Estate represented the buyer, while Armen Gourdikian and Sid Osbom of Cushman & Wakefield represented the seller.

Please see CoStar COMPS #4064807 for more information on this transaction.
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