IE Business Daily Business news for the Inland Empire.
A Los Angeles-based company has purchased industrial property in Ontario.
Rexford Industrial Trust Inc., which specializes in owning and operating industrial properties in infill markets, bought three buildings at 601-606 S. Milliken Ave. for $13 million, according to a statement released Thursday.
The buildings sit on 7.2 acres and cover more than 128,000 square feet. They’re next door to Ontario Airport Business Park and one block east of Dupont Business Center, both of which are owned by Rexford Industrial.
Collectively, all three structures are 96 percent leased to multiple tenants. The purchase price works out to $101 per square foot, according to the statement.
