Affinius Capital LLC has recently provided a $58.2 million acquisition loan for a Class A industrial building in San Bernardino, California. The 340,000-square-foot property, located at 4982 Hallmark Pkwy., was acquired by Dalfen Industrial from Bixby Land Company earlier this month.
Built in 2018 and situated on approximately 15 acres of land, the rear-loading facility boasts impressive features such as clear heights of up to 32 feet, two drive-in doors and an additional47 dock high doors. It also offers ample truck courts with space for up to135 trucks and dedicated trailer parking spots for62 trailers. Conveniently located near the I-215 freeway in the bustling San Bernardino market,the property provides easy access to major transportation routes like I-15 and I-10 freeways.Additionally,it is strategically positioned near BNSF’s San Bernadino Intermodal Container FacilityandSan Bernardino International Airport.
According to Tom Burns, managing director at Affinius Capital,”This financing opportunity presented itself as an ideal investment option within the thriving Inland Empire industrial market.” He further added that “The fully leased property has two tenants with average lease terms of just over two years,and their current rents are significantly lower than market rates.This presents a great opportunityfor mark-to-market potential.”
This news was originally published on Connect CRE.
