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2705 Lexington Way, San Ber...

Shaw Development Partners Sells San Bernardino Property For $18.2 Million With Rep Juan Gutierrez
SOLDIndustrial

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

Juan Gutierrez

Broker

$235.7M

vol

5 deals

Broker
SP
Shaw Development PartnersSeller

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