Updated Jul 21, 2026
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
218,808 SF
Asset Type
Warehouse
Closing
Jul 6, 2026
About this deal
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:
- Property Type: Warehouse
- Transaction Amount: $119,500,000
- Buyer: EQT
- Seller: Cabot
- Seller's Representative: Jeff Chiate, Rick Ellison, Matthew Leupold & Aubrie Monahan - Cushman & Wakefield
- Sale Date: 07/06/2026
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.
On the Map
$119,500,000
$224/SF
Warehouse
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Players
San Bernardino Warehouse Market Snapshot
Boundary boundary · Warehouse · 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