Updated Dec 2, 2024
Howard Industrial Partners Secures $137.8M Loan From Brookfield Property Group For Bloomington Land
18676 Jurupa Avenue Bloomington, California 92316, USA
$137,800,000
Building Size
—
Asset Type
Land
Closing
Jun 20, 2023
About this deal
AI
Howard Industrial Partners has obtained a $137.8 million loan from Brookfield Property Group to acquire nearly 90 acres of land in Bloomington, California. The property is located at 18676 Jurupa Avenue in the Bloomington market. The loan, which was acquired on June 20, 2023, is of the acquisition type.
Summary of transaction details
- Asset Type: Land
- Loan Amount: $137,800,000
- Address: 18676 Jurupa Avenue
- Market: Bloomington
- Landlord: Howard Industrial Partners - Tim Howard
- Lender: Brookfield Property Group
Tim Howard of Howard Industrial Partners represented the landlord in this loan transaction. The company plans to develop warehouse space on the acquired land, which is situated in the Inland Empire area of Bloomington, California.
Bloomington Land Market Snapshot
Boundary boundary · Land · Loan transactions
Loading comparables…
Deal FAQ
Browse California land loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93