Doosan Bobcat North America Signs Five-Year Lease At 1901 East Via Burton In Fullerton
1901 Via Burton Street
Building Size
139,449 SF
Asset Type
Industrial
Closing
Apr 30, 2025
AI
The lease transaction involves a 139,449 square foot industrial distribution facility located at 1901 East Via Burton Street in Fullerton. The property has been leased for a significant duration, enhancing its utility for the tenant's operational needs in the region.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15.1 million
- Lease Term: five-year
- Landlord: Howard Schwimmer - Rexford Industrial
- Tenant: Doosan Bobcat North America
- Landlord's Representative: Michael Hefner & Mike Vernick - Voit Real Estate Services
- Tenant's Representative: Randy Ellison - Cushman & Wakefield
This deal highlights the collaboration between various industry professionals, including the landlord's representatives, Michael Hefner and Mike Vernick, who are part of Voit Real Estate Services, and the tenant's representative, Randy Ellison from Cushman & Wakefield, showcasing their roles in facilitating the transaction.
Players
Fullerton Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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