Dibon Announces Subsidiary Maxzone Vehicle Lighting Corp.'s Acquisition of Usage Rights Asset from Related Party
AI Summary (NQ-processed)
Maxzone Vehicle Lighting Corp., a subsidiary of Dibon, has acquired usage rights to a commercial warehouse in Fontana, California (228,829 sq ft) from related party Bally Development, LLC under a six-year agreement. Total asset value: USD 15,667,899.47. The renewal avoids relocation risks after 16 years of continuous operations.
AI Analysis
Frequently Asked Questions
Q: Where is the warehouse located?
A: 15889 Slover Avenue, Fontana, California 92337, USA.
Q: Who conducted the professional valuation?
A: Don T. Hirose of CBRE Inc. valued the property at $1.02 per square foot.
Q: Why was this asset acquired again?
A: Maxzone has operated here for 16 years; renewing avoids disruption and maintains logistics efficiency.