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
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