Updated Dec 4, 2024
Jia Fei Acquires 2.8 Acres Industrial Property In San Bernardino For $11.1M
1475 Cooley Court
$11,100,000
$142/SF
Building Size
78,012 SF
Asset Type
Industrial
Closing
Oct 26, 2023
About this deal
AI
The industrial property located at 1475 Cooley Court in San Bernardino has been sold. The property spans across 2.8 acres and offers a total area of 78,012 square feet. The transaction took place on 10/26/2023 with a sale price of $11,100,000. This equates to a price per square foot of $142.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $11,100,000
- Address: 1475 Cooley Court, San Bernardino
- Square Footage: 78,012
- Price per Square Foot: $142
The buyer of the property was Jia Fei, and the seller was Boris Change. The lender involved in the transaction was Symetra, with Margaret A. Meister serving as the representative. These key individuals and companies played crucial roles in the successful completion of the deal.
Players
San Bernardino 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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93