Michael O'Sullivan Of Burlington Distribution Acquires Industrial Asset From BlackRock For $257M

An industrial asset consisting of a warehouse with a total square footage of 889,445 has been sold for $257,000,000. The property is located at 21600 Cactus Avenue in the Riverside market, with a price per square foot of approximately $289.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $257,000,000
• Square Footage: 889,445
• Address: 21600 Cactus Avenue
• Market: Riverside
• Price Per Square Foot: $289
• Buyer: Michael O'Sullivan - Burlington Distribution
• Seller: Larry Fink - BlackRock
• Brokers: Cory Whitman & Mark Zorn - Colliers

In this transaction, Michael O'Sullivan represented Burlington Distribution as the buyer, while Larry Fink represented BlackRock as the seller. The deal was facilitated by brokers Cory Whitman and Mark Zorn from Colliers, highlighting their role in bringing both parties together.