Southwest Traders Acquires Cold Storage Facility In Fresno For $8.5M
2539 E Woodward Ave Fresno, CA 93721, USA
$8,500,000
$161/SF
Building Size
52,500 SF
Asset Type
Industrial
Closing
Jul 19, 2023
AI
A cold storage facility in Fresno, California, has been sold for $8.5 million. The property, located at 2539 East Woodward Avenue, spans 52,500 square feet on a 1.21-acre lot. This industrial asset will now serve as the distribution hub for Southwest Traders, a supply chain solutions provider. The purchase of this property will enable Southwest Traders to meet the strong demand for cold storage logistics in the region.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Address: 2539 East Woodward Avenue, Fresno, California
- Market: Fresno
- Square Footage: 52,500
- Acres: 1.21
The buyer in this transaction is Southwest Traders, a company specializing in supply chain solutions. On the seller's side is the Mandich Group, who successfully closed the deal with the assistance of CBRE brokers Mark Shaffer, Anthony DeLorenzo, Gerard Poutier, and Bryan Johnson.
Players
Los Angeles 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93