Tustin Properties LLC Secures 86-month Lease For 75,700-sf Industrial Space From Reliable Crane Service LLC
1210 North Tustin Avenue
Building Size
75,700 SF
Asset Type
Industrial
Closing
May 13, 2025
AI
The transaction involves a 75,700-square-foot industrial property located at 1210 North Tustin Avenue in Anaheim. This lease agreement was secured for a total amount of $7.9 million, highlighting the financial commitment associated with the property by the tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7.9M
- Lease Term: 86-month
- Landlord: Tustin Properties, LLC
- Tenant: Reliable Crane Service, LLC
- Landlord's Rep: Chris Migliori - Daum Commercial Real Estate Services
- Tenant's Rep: Ross Fippinger - CBRE
Chris Migliori of Daum Commercial Real Estate Services represented the landlord, Tustin Properties, LLC, while Ross Fippinger of CBRE represented the tenant, Reliable Crane Service, LLC. This collaboration between the involved parties facilitated the negotiation and execution of the lease agreement.
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