Ponte Gadea USA Inc Acquires Walmart Distribution Center In Colton For $109M
1600 Agua Mansa Rd Bloomington, CA 92316, USA
$109,000,000
$320/SF
Building Size
340,120 SF
Asset Type
Industrial
Closing
Jul 10, 2023
AI
A Walmart distribution center in Colton, California, has been purchased by Ponte Gadea USA Inc., an affiliate of Ponte Gadea, for $109 million. The property, which was sold by LBA Realty, consists of a 340,120-square-foot warehouse located near major industrial users including FedEx and Amazon.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $109,000,000
- Address: 1600 Agua Mansa Road
- Market: Colton
- Acres: 45
Ponte Gadea USA Inc - Amacio Ortega represented the buyer, while LBA Realty served as the seller in the transaction.
Players
Los Angeles 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93