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:
- Property Type: Industrial
- Transaction Amount: $76,800,000
- Square Footage: 236,129
- Address: 8300 Almeria Avenue
- Market: Fontana
- Buyer: Franz F. Colloredo-Mansfeld & Chelsea Tamuk - Cabot Properties
- Seller: Transwestern Development Company
- Brokers: Gian Bruno, Joey Jones, Kenny Patricia, Kylie Jones, Michael Kendall, Scott Sanders, Steve Bellitti & Thomas Taylor - Colliers
- Price Per Square Foot: $325
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
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