Fontana 133k SF sale
- A 133,000‑square‑foot warehouse in Fontana sold recently, signaling ongoing transaction activity in the Inland Empire. - The building size provides a fresh local comp point for regional industrial valuations. - Sales like this give brokers updated benchmarks while the broader market waits for clearer rent direction (x.com).
Bridge Logistics Properties has bought a 133,115-square-foot warehouse at 10740 Banana Ave. in Fontana, adding another recent industrial sale in the Inland Empire West. (connectcre.com) The deal was announced April 14, 2026. Bridge Logistics Properties, a unit of Bridge Investment Group Holdings, said it sourced the acquisition off-market and bought the Class A distribution building below current replacement cost. (connectcre.com) The building was completed in 2020 in Fontana’s Southwest Industrial Park and is fully leased through 2028, according to Bridge. LBA Logistics lists the property at 133,115 square feet on 6.66 acres, while public-facing property records show about 133,007 square feet on a 6.23-acre parcel. (connectcre.com) (lbalogistics.com) (loopnet.com) Bridge said the property carries in-place rents below market and offers a chance to raise net operating income as leases roll. Eastdil Secured’s Marc Alfert and Clay Skistimas and Newmark’s Steve Sprenger brokered the sale. (connectcre.com) The sale lands as Inland Empire industrial owners are still waiting for rents to settle. Colliers said average asking rents in the region fell $0.04 in the first quarter of 2026 and were down $0.64 from the peak in the second quarter of 2023. (colliers.com) Vacancy has also moved higher across the market, though leasing has not stopped. CBRE put Inland Empire core vacancy at 7.8% in the first quarter of 2026, while Cushman & Wakefield reported 8.5% for the broader market and Colliers reported 8.1%. (cbre.com) (cushmanwakefield.com) (colliers.com) At the same time, new supply in this size band has thinned out. Bridge said there are virtually no buildings under construction in this range in Inland Empire West, and its July 2025 portfolio announcement said only a couple of buildings between 100,000 and 250,000 square feet were underway there as of the first quarter of 2025. (connectcre.com) (businesswire.com) That makes a 133,000-square-foot trade in Fontana useful as a fresh benchmark, even without a disclosed price. In October 2024, Rexford Industrial paid $70.1 million, or about $251.6 per square foot, for a 278,650-square-foot Fontana facility, giving brokers at least one recent local comparison point at a larger size. (commercialsearch.com) Bridge has been building its Fontana footprint while others stay selective. In July 2025, the firm bought a three-building, 332,793-square-foot Fontana portfolio for $83.5 million, saying municipal constraints, California’s Assembly Bill 98 and land scarcity were limiting new development in the submarket. (businesswire.com) For now, the latest Fontana trade shows buyers are still writing checks for modern, leased warehouses even as vacancy stays elevated and rent direction remains unsettled. (connectcre.com) (colliers.com)
