Updated Nov 28, 2024
BentallGreenOak Acquires Industrial Property In Bloomington For $83.4M
10380 Alder Avenue, Bloomington, California 92316, United States
$83,400,000
$476/SF
Building Size
175,000 SF
Asset Type
Industrial
Closing
May 18, 2022
About this deal
AI
A industrial property located at 10380 Alder Avenue in Bloomington, was recently sold in a transaction valued at $83,400,000. The property spans approximately 175,000 square feet, resulting in a price per square foot of $476. The sale involved BentallGreenOak, represented by Sonny Kalsi, as the buyer, and Stream Realty, represented by Lee Belland and Mike McVean, as the seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $83,400,000
- Square Footage: 175,000
- Price per Square Foot: $476
- Address: 10380 Alder Avenue, Bloomington
- Market: Bloomington
Sonny Kalsi, representing BentallGreenOak, and Lee Belland and Mike McVean, representing Stream Realty, were the key individuals and companies involved in this transaction.
Players
Bloomington Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93