CBRE Brokers $9.2M Sale Of San Bernardino Industrial Center For Birtcher Anderson & Davis And Belay Investment Group

The San Bernardino Industrial Center, a nine-building industrial project located at 360-458 East Rialto Avenue, has been sold for $9.2 million. The property spans across 3 acres and offers a total of 52,642 square feet of industrial space. With a strong tenancy history and 97% occupancy rate, the property provides a stable cash flow and potential for growth as new ownership can bring in-place rents to market levels.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $9,200,000
• Market: San Bernardino
• Address: 360-458 East Rialto Avenue
• Acres: 3
• SF: 52,642
• Price per SF: $175

The sale of the San Bernardino Industrial Center was brokered by CBRE, with Anthony DeLorenzo, Austin Reuland, Barbara Perrier, Bryan Johnson, Eric Cox, Nick Williams, and Sammy Cemo representing the seller and buyer. The transaction was between Birtcher Anderson & Davis, represented by Arthur B. Birtcher, and Belay Investment Group, represented by Barry Chase.