facebook
Traded Co logo
Submit
Daily limit: 0/10

Arctic Cold Acquires Cold Storage Facility From Greg Lehmkuhl Of Lineage Logistics For $60M In Santa Maria

Property Image
SOLD
$60,000,000

California

See Similar Deals
Industrial226,000 SF
Sold 01/21/2026
the dealplayerscompscontact
Property Image
SOLD

Arctic Cold Acquires Cold Storage Facility From Greg Lehmkuhl Of Lineage Logistics For $60M In Santa Maria

1349 La Brea Avenue

See Similar Deals
Industrial226,000 SF
Sold 01/21/2026
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$265
Total Square Footage:226,000 SF
Transaction Type:Sale

The property involved in this transaction is a cold storage facility located at 1349 West La Brea Avenue in Santa Maria, California. The asset spans 10 acres and features a total square footage of 226,000. The sale was completed at a transaction price of $60,000,000, translating to $265 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $60,000,000
  • Square Footage: 226,000
  • Sale Price per Square Foot: $265
  • Buyer: Arctic Cold
  • Seller: Greg Lehmkuhl - Lineage Logistics
  • Lender: UMB Bank
  • Loan Amount: $30,000,000
  • Market: Santa Maria

The transaction represents a strategic acquisition for Arctic Cold, enhancing its operations in California with the addition of a Class A facility. This facility supports frozen storage, food processing, and provides rail access, addressing the increasing demand for cold storage solutions driven by the growth of e-commerce grocery markets.

Players

UMB Bank
UMB Bank
LENDER

Details

SOLD
IMAGE: Greg Lehmkuhl DATE: 01/21/2026 ADDRESS: 1349 West La Brea Avenue MARKET: Santa Maria ASSET TYPE: Industrial ~ ACRES: 10 BUYER: Arctic Cold SELLER: Greg Lehmkuhl - Lineage Logistics LENDER: UMB Bank (@UMBBank) SALE PRICE: $60,000,000 SF: 226,000 ~ PPSF: $265 NOTE: Arctic Cold acquired a 226,000 SF cold storage facility in Santa Maria, Calif., from Lineage Logistics for $60M, backed by a $30M UMB Bank loan.The purchase expands Arctic Cold’s California footprint to nearly 1.3M SF, adding a Class A facility with frozen storage, food processing, and rail access amid growing demand for cold storage driven by e-commerce grocery growth.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33