Updated Oct 29, 2024
ASB Real Estate Investments Acquires Industrial Property In Bloomington For $100.5M
11260 Cedar Avenue, Bloomington, CA, USA
$100,500,000
$148/SF
Building Size
677,383 SF
Asset Type
Industrial
Closing
Dec 22, 2019
About this deal
AI
The industrial property located at 11260 Cedar Avenue in Bloomington has been sold in a closed transaction. The property, measuring 677,383 square feet, was sold by Crow Holdings Industrial to ASB Real Estate Investments. The sale was facilitated by brokers Mark Detmer, Bo Mills, and Ryan Sitov from JLL. The transaction was completed on December 23, 2019, for a total price of $100,500,000. The price per square foot for the property was $148.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $100,500,000
- Address: 11260 Cedar Avenue, Bloomington
- Square Footage: 677,383
- Market: Bloomington
- Seller: Crow Holdings Industrial
- Buyer: ASB Real Estate Investments
- Brokers: Mark Detmer, Bo Mills, Ryan Sitov - JLL
The successful transaction involved the collaboration of key individuals and companies such as Crow Holdings Industrial, ASB Real Estate Investments, and brokers Mark Detmer, Bo Mills, and Ryan Sitov from JLL.
On the Map
$100,500,000
$148/SF
Industrial
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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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93