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
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