Shaw Development Partners Sells San Bernardino Property For $18.2 Million With Rep Juan Gutierrez
2705 Lexington Way, San Bernardino...
$18,200,000
$117/SF
Building Size
154,451 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is a newly developed industrial warehouse building located at 2705 Lexington Way, San Bernardino, CA. The facility encompasses 154,451 square feet and includes features such as 2,200 square feet of office space, an ESFR sprinkler system, a secured concrete truck court, and electrical service of 1,200 amps. The transaction was executed for $18,200,000.00.
Summary of transaction details:
- Property Type: Industrial Warehouse
- Transaction Amount: $18,200,000.00
- Address: 2705 Lexington Way, San Bernardino, CA
- Market: San Bernardino
- Seller: Shaw Development Partners
- Buyer: Unknown
- Seller's Representative: Juan Gutierrez, Voit Real Estate Services
- Size: 154,451 square feet
Voit Real Estate Services facilitated the sale, with Frank Geraci, Juan Gutierrez, and Adam Geiger representing the seller throughout the process. The property has been sold to a global consumer products company, which intends to utilize the facility for its operational and distribution needs.
Players
San Bernardino 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93