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1351 Railroad St, Corona, C...

Incipio Group Leases Industrial Space In Corona To Principle For 322,201 SF
LEASEDIndustrial

Incipio Group Leases Industrial Space In Corona To Principle For 322,201 SF

1351 Railroad St, Corona, CA, 92882

Building Size

322,201 SF

Asset Type

Industrial

Closing

Jun 11, 2018

AI

The Industrial property located at 1351 Railroad St, Corona, CA, 92882 in Corona has been leased. The property spans 322,201 square feet and the transaction took place on 06/11/2018. The Tenant, Incipio Group, was represented by Mac Hewett and Mike McCrary from JLL, while the Landlord, Principle, was represented by Stephen (Steve) Bellitti from Colliers International.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Tenant's Rep: Mac Hewett(JLL), Mike McCrary(JLL)
  • Landlord's Rep: Stephen (Steve) Bellitti(Colliers International)
  • Tenant: Incipio Group
  • Landlord: Principle

The key individuals involved in this deal were Mac Hewett and Mike McCrary representing the Tenant, Incipio Group, along with Stephen (Steve) Bellitti from Colliers International, who also served as the Landlord's Representative.

Players

Stephen Bellitti

Colliers

Broker

$521.9M

vol

7 deals

Broker

Corona 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