Affinius Capital LLC announced today that it has provided $58.2 million in acquisition financing for a 340,000-square-foot, class A industrial building located in San Bernardino, CA to Dalfen Industrial. Located at 4982 Hallmark Parkway, the roughly 15-acre asset is in the heart of the Inland Empire, one of the most sought-after institutional industrial markets nationally.
The rear-loading industrial facility was built in 2018 and features 32’ clear heights, 2 drive-in doors, 47 dock high doors, 135 truck courts, and 62 dedicated trailer parking spaces as well as additional trailer parking. Located in the San Bernardino market just off the I-215 freeway, the property provides immediate access to major transportation routes in the Inland Empire via the I-15 and I-10 freeways. In addition, it is near BNSF’s San Bernadino Intermodal Container Facility and San Bernardino Internal Airport.
Affinius Capital Managing Director Tom Burns commented, “This was a terrific opportunity to provide acquisition financing for a property in the Inland Empire industrial market, which continues to have strong fundamentals. The property is fully leased to two tenants with an average lease term of 2.3 years with existing rents well below the market average, offering a great mark to market opportunity. The property’s prime location near major thoroughfares allows tenants convenient access to the entire Southern California region. We are excited to continue our relationship with Dalfen Industrial on this venture.”
About Affinius Capital LLC
Affinius Capital® (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $32 billion in net assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
