Updated Oct 29, 2024
Applied Industrial Technologies Leases 165300 Sq Ft At 11899 Cabernet Dr Fontana CA
11899 Cabernet Dr, Fontana, CA, 92337
Building Size
165,300 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is located at 11899 Cabernet Dr, Fontana, CA, 92337, within the Fontana market. It encompasses a substantial area of 165,300 square feet. The property is leased by Applied Industrial Technologies from Vintage Park East LLC.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 11899 Cabernet Dr, Fontana, CA, 92337
- Market: Fontana
- Square Feet: 165300
- Tenant: Applied Industrial Technologies
- Landlord: Vintage Park East LLC
- Tenant's Representative: Jeff Saywitz - Voit Real Estate Services
The transaction involves key individuals and companies, with Jeff Saywitz representing the tenant, Applied Industrial Technologies, as part of the deal. The landlord in this lease transaction is Vintage Park East LLC, indicating the parties involved in facilitating this property agreement.
On the Map
Industrial
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Players
Fontana 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