Updated Mar 11, 2025
Heitman Provides $145M Construction Loan For Industrial Campus In Chino, CA
7311 Kimball Ave Chino, CA 91708, USA
$145,000,000
$287/SF
Building Size
504,017 SF
Asset Type
Industrial
Closing
Aug 24, 2023
About this deal
AI
The industrial campus located at 7311 Kimball Avenue in Chino, CA has recently been involved in a loan transaction. The property, with a total square footage of 504,017, is owned by Blackstone and Link Logistics. The loan, amounting to $145,000,000, was provided by Heitman and is in the form of a construction loan.
Summary of transaction details:
- Property Type: Industrial Campus
- Transaction Amount: $145,000,000
- Address: 7311 Kimball Avenue, Chino, CA
- Market: Chino, CA
- Lender: Heitman
- Landlord: Blackstone & Link Logistics
- Brokers: Peter Nicoletti, Dylan Kane & Zach Redding - Colliers
Peter Nicoletti, Dylan Kane, and Zach Redding from Colliers served as the brokers in this loan transaction, representing the interests of the parties involved. They played a crucial role in facilitating the loan deal for the industrial campus property on Kimball Avenue in Chino, CA.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93