Walton Street Capital Acquires Industrial Property In Inland Empire For $70M

Walton Street Capital has acquired an industrial property located at 1603 South La Cadena Drive in Inland Empire. The transaction was facilitated by brokers Darla Longo, Barbara Perrier, Rebecca Perlmutter, Joe Cesta, and Eric Cox of CBRE. The property encompasses 182,630 square feet and was sold by Shubin Nadal Realty Investors, represented by Lonnie Nadal and Penwood Real Estate Investment Management. The sale price for the property was $70,000,000, resulting in a price per square foot of $383.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $70,000,000
• Address: 1603 South La Cadena Drive
• Market: Inland Empire
• Buyer: Walton Street Capital
• Seller: Shubin Nadal Realty Investors - Lonnie Nadal & Penwood Real Estate Investment Management
• Brokers: Darla Longo, Barbara Perrier, Rebecca Perlmutter, Joe Cesta & Eric Cox - CBRE
• Square Footage: 182,630
• Price per Square Foot: $383

The acquisition of the South La Cadena Drive property by Walton Street Capital is a significant addition to their industrial asset portfolio in the Inland Empire market. The involvement of brokers Darla Longo, Barbara Perrier, Rebecca Perlmutter, Joe Cesta, and Eric Cox from CBRE showcases their expertise in facilitating large-scale industrial transactions. This acquisition highlights the ongoing demand for Industrial properties in the Inland Empire market and the continued confidence of investors in the region.