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8300 Almeria Avenue

Franz F. Colloredo-Mansfeld And Chelsea Tamuk Of Cabot Properties Purchase Almeria Logistics Center For $76.8M
SOLDIndustrial

Franz F. Colloredo-Mansfeld And Chelsea Tamuk Of Cabot Properties Purchase Almeria Logistics Center For $76.8M

8300 Almeria Avenue

$76,800,000

$325/SF

Building Size

236,129 SF

Asset Type

Industrial

Closing

Aug 15, 2024

AI

The Almeria Logistics Center, located at 8300 Almeria Avenue in Fontana, has been sold for $76,800,000. This industrial asset spans 236,129 square feet and is classified as a Class A property. The asset is fully leased to LC Logistics Services through 2027, indicating its operational stability and ongoing income stream.

Summary of transaction details:

This transaction involved key players such as Franz F. Colloredo-Mansfeld and Chelsea Tamuk representing Cabot Properties as the buyers. The sellers were Transwestern Development Company. Colliers played a crucial role in facilitating this significant transaction, reflecting a growing demand for industrial assets within the region.

Players

Gian Bruno

Colliers

Broker

$2.3B

vol

22 deals

Broker

Fontana 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