BDK Logistics Leases 114,190-SF Industrial Facility In Corona From Monterey Rancho Mirage, LLC
1161 Olympic Drive Corona, California 92881, USA
Building Size
114,190 SF
Asset Type
Industrial
Closing
Aug 16, 2023
AI
BDK Logistics Intelligence, Inc. has leased a 114,190-square-foot industrial facility located at 1161 Olympic Drive in Corona, CA. The property, owned by Monterey Rancho Mirage, LLC, is ideally situated in Southern California's Inland Empire, providing convenient access to major freeways. This spacious industrial space offers ample room for BDK Logistics Intelligence, Inc. to carry out their operations efficiently.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 114,190
- Address: 1161 Olympic Drive, Corona, CA
- Market: Corona
The industrial lease deal at 1161 Olympic Drive in Corona involved BDK Logistics Intelligence, Inc. as the tenant and Monterey Rancho Mirage, LLC as the landlord. Acting as brokers for the transaction were Brett Lockwood and Rick Ellison from Cushman & Wakefield. This lease agreement allows BDK Logistics Intelligence, Inc. to benefit from the prime location and convenient access to transportation networks offered by the Inland Empire region, supporting their logistics operations effectively.
Players
Corona Industrial Market Snapshot
Boundary boundary · Industrial · 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