CapRock Partners Secures Four New Leases Totaling 262k SF In Norco's Palomino Ranch Business Park
1860 Mountain Avenue, 1810 Mountain Avenue, 1910 Mountain Avenue & 1900 Mountain Avenue
Building Size
1,048,860 SF
Asset Type
Industrial
Closing
Jun 19, 2025
AI
The properties involved in this transaction are located at 1860, 1810, 1910, and 1900 Mountain Avenue in Norco, comprising a total of 262,215 square feet of industrial space. The landlord is CapRock Partners, who executed four new leases at the Palomino Ranch Business Park, catering to various operational needs in the logistics, warehousing, and solar product sectors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1860, 1810, 1910 & 1900 Mountain Avenue
- Market: Norco
- Landlord: Patrick Daniels - CapRock Partners
- Landlord's Representative: Ryan Earnhart, Jeff Ruscigno, Brian Pharriss, Paul Earnhart, Jeff Smith & Austin Hill - Lee & Associates
- Tenant's Representatives: John Seoane - Lee & Associates; Sean Sullivan & Christian Emerson - Voit Real Estate Services; Angel Zhou - Harvest Realty Development; James Panting & Connor Panting - Commercial Realty Advisors
CapRock Partners, represented by Lee & Associates, finalized these leases involving multiple tenant representatives from various brokerage firms, indicating a collaborative effort in securing tenants for the designated buildings within the park.
Players
Norco 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