Cabot Properties Acquires Industrial Asset In Jurupa Valley From Bixby Capital For $59.4M

The property asset involved in this transaction is an industrial facility located at 11145 Inland Avenue in Jurupa Valley. The property spans 209,729 square feet and was sold for a total price of $59,400,000, equating to approximately $283 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $59,400,000
• Address: 11145 Inland Avenue
• Market: Jurupa Valley
• Square Footage: 209,729
• Price per Square Foot: $283
• Buyer: Cabot Properties, Inc.
• Seller: Bixby Capital Management
• Seller's Representative: Jeff Chiate, Rick Ellison, Matthew Leupold & Aubrie Monahan - Cushman & Wakefield

This transaction featured significant players in the real estate market, with Cabot Properties, Inc. acquiring the asset from Bixby Capital Management. The sale was facilitated by representatives from Cushman & Wakefield, encompassing a team of four individuals: Jeff Chiate, Rick Ellison, Matthew Leupold, and Aubrie Monahan, who were instrumental in brokering the deal.