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11899 Cabernet Dr, Fontana,...

Applied Industrial Technologies Leases 165300 Sq Ft At 11899 Cabernet Dr Fontana CA
LEASEDIndustrial

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

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.

Players

Jeff Saywitz

Voit Real Estate Services

Broker

2 deals

Broker
WI
Washington Capital Management Inc.Brokerage
VL
Vintage Park East LLCLandlord

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