Rich Weiss & Willis Fries Acquire Industrial Asset In San Bernardino For $74.05M
4982 Hallmark Parkway
$74,050,000
$217/SF
Building Size
340,080 SF
Asset Type
Industrial
Closing
Apr 25, 2024
AI
The industrial property located at 4982 Hallmark Parkway in San Bernardino was sold for $74,050,000. The asset spans 340,080 square feet, resulting in a price per square foot of $218. The transaction took place between buyers Rich Weiss and Willis Fries from Dalfen Industrial and the seller, Bixby Land Company. The deal was facilitated by brokers Mark Detmer, Ryan Sitov, Evan Moran, and Patrick Nally from JLL.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $74,050,000
- Address: 4982 Hallmark Parkway
- Market: San Bernardino
- Buyer: Rich Weiss & Willis Fries - Dalfen Industrial
- Seller: Bixby Land Company
- Brokers: Mark Detmer, Ryan Sitov, Evan Moran & Patrick Nally - JLL
- Square Footage: 340,080
- Price per Square Foot: $218
The transaction involved key individuals including Rich Weiss, Willis Fries, Mark Detmer, Ryan Sitov, Evan Moran, and Patrick Nally. Rich Weiss and Willis Fries represented Dalfen Industrial in the deal, while the brokers Mark Detmer, Ryan Sitov, Evan Moran, and Patrick Nally acted on behalf of JLL to facilitate the sale of the industrial property in San Bernardino.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93