Wafra Inc. Acquires Rialto Industrial Park For $34.32M

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.