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1919 Williams Street

Updated Dec 4, 2024

Torani Leases 200,000 SF Industrial Warehouse In San Leandro From Prologis
LEASEDIndustrial

Torani Leases 200,000 SF Industrial Warehouse In San Leandro From Prologis

1919 Williams Street

Building Size

200,000 SF

Asset Type

Industrial

Closing

Nov 3, 2023

About this deal

AI

Torani, a beverage syrup manufacturer, is expanding its presence in San Leandro, California, by pre-leasing a 200,000-square-foot warehouse under construction by Prologis. The new facility will complement Torani's existing "Flavor Factory" and address the tight industrial market in the East Bay, with a completion date set for next year.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Square Footage: 200,000
  • Address: 1919 Williams Street
  • Market: San Leandro

Prologis, represented by John McManus of Cushman & Wakefield, is the landlord of the property located at 1919 Williams Street in San Leandro. The tenant, Torani, is represented by David Black and Bob Ferraro of CBRE. Torani's expansion into the 200,000-square-foot warehouse demonstrates their commitment to growing their presence in San Leandro and addressing the high demand for industrial space in the East Bay region.

Players

Robert Ferraro

CBRE

Broker

$53.3M

vol

4 deals

Broker
Hamid Moghadam

Hamid Moghadam

Prologis

Landlord

$2.6B

vol

53 deals

Landlord

San Leandro 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

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