Sonny Kalsi Of BentallGreenOak Leases 84,041 Square Feet To Mikel H. Williams In Anaheim
1206 North Miller Street
Building Size
84,041 SF
Asset Type
Industrial
Closing
Jul 7, 2026
AI
The property asset involved in this transaction is a newly built Class A industrial facility located at 1206 North Miller Street, Anaheim, CA. The total square footage of the asset is 84,041, which has been leased to Targus. The deal reflects a notable presence in the industrial market, particularly in Orange County.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1206 North Miller Street
- Market: Anaheim, CA
- Landlord: Sonny Kalsi - BentallGreenOak
- Tenant: Mikel H. Williams - Targus
- Broker: CBRE
The key players in this lease transaction include Sonny Kalsi representing BentallGreenOak as the landlord and Mikel H. Williams as the tenant from Targus. CBRE facilitated the deal, which highlights the ongoing demand for modern logistics and corporate headquarters space within the Anaheim area, reinforcing the industrial sector’s resilience amid a challenging market environment.
Players
Anaheim 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