Updated Dec 4, 2024
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
San Leandro Industrial Market Snapshot
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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