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2539 E Woodward Ave Fresno,...

Southwest Traders Acquires Cold Storage Facility In Fresno For $8.5M
SOLDIndustrial

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

Bryan Johnson

CBRE

Broker

$763.9M

vol

49 deals

Broker
MG
Mandich GroupSeller

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