Updated Sep 30, 2025
Brookfield Properties Acquires Industrial Property In Colton For $38M
1901 West Center Street, Colton, CA, USA
$38,000,000
$163/SF
Building Size
232,600 SF
Asset Type
Industrial
Closing
May 9, 2021
About this deal
AI
Brookfield Properties has acquired an industrial property in Colton for a sale price of $38,000,000. The property, located at 1901 West Center Street, spans 232,600 square feet. The transaction was finalized on May 10, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $38,000,000
- Address: 1901 West Center Street, Colton
- Market: Colton
- Buyer: Brookfield Properties - Brian Kingston
- Seller: Avalon Apparel Group
Brian Kingston, representing Brookfield Properties, played a key role in the transaction. The sale price of $38,000,000 equates to a price per square foot of $163. This successful acquisition further strengthens Brookfield Properties' portfolio in the industrial sector.
Players
Colton 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93