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1860 Mountain Avenue

CapRock Partners Secures Four New Leases Totaling 262k SF In Norco's Palomino Ranch Business Park
LEASEDIndustrial

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:

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

Christian Emerson

Broker

$32.7M

vol

2 deals

Broker
Voit Real Estate Services
Voit Real Estate ServicesBrokerage

Patrick Daniels

CapRock Partners

Landlord

$78.9M

vol

5 deals

Landlord

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