JPMorgan Chase Acquires Industrial Property In San Bernardino County For $180M

JPMorgan Chase has acquired an industrial property located at 5555 Jurupa Street in San Bernardino County. The property, which spans 459,000 square feet, was sold by JW Mitchell Company for a total sale price of $180,000,000. With a price per square foot of $392, this transaction highlights the significant value of the asset in the market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $180,000,000
• Address: 5555 Jurupa Street
• Market: San Bernardino County
• Buyer: JPMorgan Chase
• Seller: JW Mitchell Company
• Square Footage: 459,000
• Price Per Square Foot: $392

This acquisition by JPMorgan Chase demonstrates their strategic investment in the industrial sector. The deal, which was finalized on July 21, 2022, showcases the company's commitment to expanding its portfolio and capitalizing on opportunities in San Bernardino County's market.