Across the Inland Empire, a number of industrial assets have traded hands in recent months. One such property is a 78,012 square foot office building in San Bernardino. According to Vizzda records, the property was acquired earlier this month by an entity affiliated with Jia Fei for $11.1 million, or about $142 per square foot. That entity acquired the property from another entity linked to Boris Chang with $6.4 million in new debt from Symetra.
The property is located at 1475 Cooley Court on approximately 2.8 acres of land. Developed in 1988, the building is currently occupied by The Greenbrier Companies, an Oregon-based company focused on transportation manufacturing and freight services.
The building is situated near the Santa Ana River, to the north of Interstate 10 and just south of the San Bernardino International Airport. Surrounding the site are a number of other industrial properties, with occupants including Amazon, UPS, Kohls, Pepsico and others.
In recent months, San Bernardino has seen several other industrial properties trade hands.
As The Registry previously reported, EQT Exeter acquired a 179,000 square foot industrial property at 24712 6th St. for $49.5 million, or about $276 per square foot. The property was sold by StarPoint Properties.
In June, Dermody Properties also paid $65.75 million, or about $262 per square foot, for an industrial property located at 5685 Industrial Parkway. The seller in the transaction was an entity that shares an address with Los Angeles-based AND Asset Management.
