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7311 Kimball Ave Chino, CA ...

Heitman Provides $145M Construction Loan For Industrial Campus In Chino, CA
FINANCEDIndustrial

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

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

Dylan Kane

Colliers

Broker

$2.9B

vol

58 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
Blackstone
BlackstoneLender
Heitman
HeitmanLender
Link Logistics Real Estate
Link Logistics Real EstateLandlord
Blackstone
BlackstoneLandlord

Market Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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