Lee & Associates brokers $7.75 million Ontario industrial sale

Lee & Associates – Ontario closed the $7.75 million sale of a 37,146-square-foot industrial building at 2319 E. Locust Court in Ontario on Sept. 30. The all-cash deal, with a new seven-year lease in place, underscores continued investor demand for well-located Inland Empire West industrial assets.

Why it matters: - The sale shows continued investor appetite for industrial assets in Ontario, one of the Inland Empire West’s most active markets. - The property’s location near Interstate 10, Interstate 15, State Route 60 and Ontario International Airport adds to its appeal for logistics and distribution users. - A new seven-year lease already in place at closing gives the buyer immediate cash flow stability.

What happened: - Lee & Associates – Ontario announced the $7.75 million sale of 2319 E. Locust Court in Ontario, California. - The 37,146-square-foot industrial building closed Sept. 30, 2026. - The transaction priced at about $209 per square foot. - Kyle Vizzo, Broker Associate with Lee & Associates – Ontario, represented both the seller, a private party, and the buyer, a private investor. - The buyer purchased the property in an all-cash transaction.

The details: - The building sits in Ontario, a hub in the Inland Empire West industrial corridor. - The location gives the property access to major transportation routes and Ontario International Airport. - The lease with the existing tenant was active at closing and runs seven years. - More transaction information is available here.

Between the lines: - Vizzo said the property needed a buyer with a long-term view of its value. - Vizzo also said Lee & Associates marketed the asset broadly and found a well-capitalized buyer ready to close without financing. - The all-cash structure suggests a competitive investor market for stabilized industrial product.

What's next: - Lee & Associates – Ontario will continue marketing industrial sales and leasing across the Inland Empire West. - Kyle Vizzo’s business remains focused on industrial properties in Ontario, Chino, Rancho Cucamonga, Fontana and Corona. - The leased asset should continue producing income under the new seven-year tenant commitment.

The bottom line: - The deal is another sign that well-located, income-producing industrial buildings in Ontario continue to draw private capital.