Updated Oct 28, 2024
Property Reserve Acquires Industrial Property In Bloomington For $102M
18025 Slover Avenue, Bloomington, California 92316, United States
$102,000,000
$296/SF
Building Size
344,000 SF
Asset Type
Industrial
Closing
Jul 5, 2022
About this deal
AI
Property Reserve has purchased an industrial asset located at 18025 Slover Avenue in Bloomington. The property, with a total area of 344,000 square feet, was sold by Crow Holdings, represented by Bob McLain. The transaction took place on July 6, 2022, and was facilitated by brokers from JLL, namely Mark Detmer, Ryan Sitov, and Evan Moran.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $102,000,000
- Square Feet: 344,000
- Price per Square Foot: $296
- Address: 18025 Slover Avenue, Bloomington
- Market: Bloomington
The purchase price for the industrial property was $102,000,000, with a price per square foot of $296. The transaction involved brokers from JLL, including Mark Detmer, Ryan Sitov, and Evan Moran, who represented Crow Holdings in the sale. The deal was finalized on July 6, 2022.
On the Map
$102,000,000
$296/SF
Industrial
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Players
Bloomington 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93