facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$257,000,000
Mark Zorn
Cory Whitman

California

See Similar Deals
Industrial889,445 SF
Sold 04/03/2025
the dealplayerscompscontact
Property Image
SOLD

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

21600 Cactus Avenue

See Similar Deals
Industrial889,445 SF
Sold 04/03/2025
Mark Zorn
Cory Whitman
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$288
Total Square Footage:889,445 SF
Transaction Type:Sale

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.

Players

Mark Zorn
Colliers
Mark Zorn
5 deals$347M volume(909) 841-3657
BROKER
Cory Whitman
Colliers
Cory Whitman
5 deals$347M volume(909) 227-2867
BROKER
BlackRock
BlackRock
SELLER

Details

SOLD
IMAGE: Michael O'Sullivan, Larry Fink, Cory Whitman & Mark Zorn DATE: 04/03/2025 ADDRESS: 21600 Cactus Avenue MARKET: Riverside ASSET TYPE: Industrial BUYER: Michael O'Sullivan - Burlington Distribution SELLER: Larry Fink - BlackRock (@BlackRock) BROKERS: Cory Whitman & Mark Zorn - Colliers (@ColliersInternational) SALE PRICE: $257,000,000 SF: 889,445 ~ PPSF: $289 NOTE: Burlington Distribution bought an 889,445-square-foot warehouse at 21600 Cactus Ave. in Riverside from BlackRock for $257 million. Colliers’ Mark Zorn and Cory Whitman represented the buyer, while CBRE represented the seller in the deal.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$13,706,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$913,066.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,218,311.12
Annual Debt Service$14,619,733.38