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1161 Olympic Drive Corona, ...

BDK Logistics Leases 114,190-SF Industrial Facility In Corona From Monterey Rancho Mirage, LLC
LEASEDIndustrial

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

Rick Ellison

Cushman & Wakefield

Broker

$1.4B

vol

25 deals

Broker

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