Updated Oct 29, 2024
Bergen Logistics Leases 179518 Square Feet At 16012 Arthur St Cerritos From GIC Real Estate
16012 Arthur St, Cerritos, CA, 90703
Building Size
179,518 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this lease transaction is situated at 16012 Arthur St, Cerritos, CA, 90703. It encompasses a total of 179,518 square feet and is located within the Cerritos market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 16012 Arthur St, Cerritos, CA, 90703
- Market: Cerritos
- Tenant: Bergen Logistics
- Landlord: GIC Real Estate International
- Tenant's Representative: Jordan Quinn (JLL)
This lease transaction involves key stakeholders: the tenant, Bergen Logistics, is represented by Jordan Quinn from JLL, while the landlord is GIC Real Estate International. The collaboration between these entities facilitated the execution of the lease agreement.
On the Map
Players
Cerritos CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93