Timur Tecimer Of Overton Moore Properties Acquires Industrial Warehouse In San Bernardino For $120M
890 East Mill Street
$120,000,000
$228/SF
Building Size
525,756 SF
Asset Type
Industrial
Closing
Dec 5, 2025
AI
The industrial warehouse located at 890 East Mill Street in San Bernardino, which spans 525,756 square feet, has been sold for $120,000,000. The price per square foot for the transaction is $228. The asset is fully leased and features extensive facilities, including 192 dock-high doors, 771 trailer stalls, and 29 acres of excess land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $120,000,000
- Square Footage: 525,756
- Address: 890 East Mill Street
- Market: San Bernardino
- Buyer: Timur Tecimer - Overton Moore Properties
- Seller: Brian Kingston - Brookfield Properties
- Brokers: Jeffrey Cole, Jeff Chiate, Rick Ellison, Matthew Leupold, Aubrie Monahan & Kristen Schottmiller - Cushman & Wakefield
- Mortgage Brokers: Brian Share & Rob Rubano - Cushman & Wakefield
Cushman & Wakefield brokered the sale, representing the Brookfield-backed seller while securing acquisition financing for Overton Moore Properties through its debt group. The transaction reflects strong demand for large-scale logistics assets in the Inland Empire region.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93