FONTANA, CALIF. — Dermody Properties has purchased a logistics building, located at 14605 Miller Ave. in Fontana, for an undisclosed price.
Situated two miles east of Interstate 15, the 265,500-square-foot property is located 10 minutes from Southern California’s Ontario International Airport. Dermody Properties plans to implement an improvement program at the property in the first quarter of 2019. Renovations will include upgrading the fire system to ESFR, making aesthetic changes and dividing the building into two spaces, although the property will be available to either a one- or two-tenant scenario.
Ryan Athens and Hunter McDonald of CBRE represented the undisclosed seller in deal. Frank Geraci, Juan Gutierrez and Adam Geiger of Voit Real Estate Services will market the space for Dermody Properties.