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

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SOLD
$18,200,000

California

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Industrial154,451 SF
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SOLD

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

2705 Lexington Way, San Bernardino...

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Industrial154,451 SF
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$117
Total Square Footage:154,451 SF
Transaction Type:Sale

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

5 deals$235.7M volume
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SELLER

Details

SOLD
IMAGE: 2705 Lexington Way, San Bernardino... MARKET: San Bernardino SELLER'S REP: Juan Gutierrez() BUYER: Unknown SELLER: Shaw Development Partners PRICE: $18,200,000.00 SF: 154451

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$970,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
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