Updated Jan 29, 2025
Oaktree Capital Management Acquires 457,125-Square-Foot Industrial Property In San Bernardino For $121.1M
503 E Central Ave San Bernardino, CA 92408, USA
$121,100,000
$264/SF
Building Size
457,125 SF
Asset Type
Industrial
Closing
May 22, 2023
About this deal
AI
Oaktree Capital Management, represented by Howard Marks & Jay Wintrob, has acquired a 457,125-square-foot industrial development located at 503 East Central Avenue in San Bernardino's Inland Empire. The property was purchased from Real Estate Development Associates for a total of $121.1 million. This sale reflects the increasing interest of institutional investors in the industrial real estate opportunities in the region.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $121,100,000
- Square Footage: 457,125
- Address: 503 East Central Avenue
- Market: San Bernardino
The acquisition of this industrial development by Oaktree Capital Management signifies the growing attractiveness of San Bernardino's Inland Empire for institutional investors. With Howard Marks & Jay Wintrob as their representatives, Oaktree Capital Management saw the potential in this property, prompting the purchase from Real Estate Development Associates. This transaction was made possible with the involvement of Truist Bank as the lender.
On the Map
$121,100,000
$264/SF
Industrial
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Players
Los Angeles 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93