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1651 Interchange Drive

EQT Acquires Warehouse In San Bernardino From Cabot For $119.5 Million
SOLDWarehouse

EQT Acquires Warehouse In San Bernardino From Cabot For $119.5 Million

1651 Interchange Drive, 3392 North Mike Daley Drive & 3524 North Mike Daley Drive

$119,500,000

$224/SF

Building Size

531,724 SF

Asset Type

Warehouse

Closing

Jul 6, 2026

AI

This warehouse property is located at 1651 Interchange Drive, 3392 North Mike Daley Drive, and 3524 North Mike Daley Drive in the San Bernardino market. The transaction was sold for $119,500,000, with a total square footage of 667,024, resulting in a price per square foot of $179.15.

Summary of transaction details:

The transaction involved several key individuals representing the seller, including Jeff Chiate, Rick Ellison, Matthew Leupold, and Aubrie Monahan, all associated with Cushman & Wakefield. Their involvement played a crucial role in facilitating the sale of this warehouse property.

Players

Jeff Chiate

Cushman & Wakefield

Broker

$2.9B

vol

40 deals

Broker
E
EQTBuyer

San Bernardino Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

Loading comparables…

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