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12434 Fourth St Rancho Cuca...

Bodega Latina Leases 1.42M SF Industrial Space In Rancho Cucamonga
LEASEDIndustrial

Bodega Latina Leases 1.42M SF Industrial Space In Rancho Cucamonga

12434 Fourth St Rancho Cucamonga, Ca 91730, Usa

$1

$1/SF

Building Size

1,420,000 SF

Asset Type

Industrial

Closing

Jul 13, 2023

AI

Bodega Latina has leased a 1.42 million-square-foot industrial space in Rancho Cucamonga, Southern California. The property, located at 12434 Fourth Street, was leased from Bridge Industrial. Greg Woolway, the representative of Bridge Industrial, facilitated the lease deal. The asking rent for the space was $1.44 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 12434 Fourth Street
  • Market: Rancho Cucamonga
  • Landlord: Bridge Industrial - Greg Woolway
  • Tenant: Bodega Latina
  • Asking Rent: $1.44/ft.
  • Square Footage: 1,420,000

Bodega Latina's lease of the 1.42 million-square-foot industrial space in Rancho Cucamonga was facilitated by Greg Woolway from Bridge Industrial. Despite the slowdown in the market, Bridge Industrial remains optimistic about meeting the demand for modern warehousing space in the region.

Players

Bridge Industrial
Bridge IndustrialBrokerage

Greg Woolway

Bridge Industrial

Landlord

$32.8M

vol

2 deals

Landlord

Los Angeles 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

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93