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Wafra Inc. Acquires Rialto Industrial Park For $34.32M

Property Image
SOLD
$34,320,000

California

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Industrial116,617 SF
Sold 07/28/2023
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SOLD

Wafra Inc. Acquires Rialto Industrial Park For $34.32M

1545 W Casmalia St Rialto, CA 92377, USA

See Similar Deals
Industrial116,617 SF
Sold 07/28/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$294
Total Square Footage:116,617 SF
Transaction Type:Sale

Wafra Inc., represented by Fawaz Al-Mubaraki, has acquired an industrial park in Rialto, expanding its presence in the Inland Empire. The property, located at 1545, 1595 & 1665 West Casmalia Street, consists of three buildings spanning a total of 116,617 square feet. The sale price for this transaction was $34.32 million, resulting in a price per square foot of $294. The seller in this deal was Compass Danbe Real Estate Partners.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $34,320,000
  • Address: 1545, 1595 & 1665 West Casmalia Street
  • Market: Rialto
  • Buyer: Wafra Inc. - Fawaz Al-Mubaraki
  • Seller: Compass Danbe Real Estate Partners
  • Square Footage: 116,617
  • Price per Square Foot: $294

In addition to this acquisition, Wafra Inc. has recently purchased a 76,809 square foot distribution center in Fontana for $28.43 million. This further strengthens their presence in the Inland Empire region.

Players

FA
Fawaz Al-Mubaraki
4 deals$716.8M volume
BUYER
WI
Wafra Inc
BUYER
CP
Compass Real Estate Partners
SELLER

Details

SOLD
IMAGE: Fawaz Al-Mubaraki DATE: 07/28/2023 ADDRESS: 1545, 1595 & 1665 West Casmalia Street MARKET: Rialto ASSET TYPE: Industrial BUYER: Wafra Inc. - Fawaz Al-Mubaraki SELLER: Compass Danbe Real Estate Partners SALE PRICE: $34,320,000 SF: 116,617 ~ PPSF: $294 NOTE: Wafra Inc. has purchased an industrial park in Rialto for $34.32 million, consisting of three buildings spanning 116,617 square feet. The acquisition expands its presence in the Inland Empire, which includes another recent purchase of a 76,809 square foot distribution center in Fontana for $28.43 million.

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