Lee & Associates Negotiates $21 Million Sale Exchange of Ontario and Fontana Industrial Facilities
WASHINGTON, D.C. – March 7, 2014 – (RealEstateRama) — Michael Giuliano and Keith Anderson of Lee & Associates-Ontario, representing American Bolt and Screw, negotiated the $21 million sale exchange of a 106,394-square-foot industrial complex, located at 601 Kettering Drive in Ontario, Calif., and they located to a 72,650-square-foot facility at 14650 Miller Ave. in North Fontana, Calif.
“The new facility on Miller Avenue will provide American Bolt a more efficient operation,” said Giuliano, senior vice president of Lee & Associates-Ontario. “The move and building proceeds were utilized to provide for greater long term cash flows which included a 1031 tax deferred exchange into an $11.9 million investment property in Arkansas.” The purchase was also facilitated by Michael Giuliano and Keith Anderson.
American Bolt and Screw, which is one of the nation’s largest source for commercial grade fasteners, nuts, bolts, screws and cabinet hardware, has been in operation for more than 60 years and has six ABS warehouses strategically located across the United States.
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. With a roster of nearly 750 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.
