Updated Aug 5, 2025
Elton Chung Of IDC Logistics Secures Industrial Lease In City Of Industry And San Bernardino
19515 Walnut Drive & 5690 Industrial Parkway
Building Size
1,104,311 SF
Asset Type
Industrial
Closing
Jul 31, 2025
About this deal
AI
The asset involved in the transaction is an industrial property located at 19515 East Walnut Drive and 5690 Industrial Parkway. It encompasses a total square footage of 1,104,311. The property is situated within the City of Industry and San Bernardino markets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 19515 East Walnut Drive & 5690 Industrial Parkway
- Market: City of Industry & San Bernardino
- Square Footage: 1,104,311
- Tenant: Elton Chung - iDC Logistics
- Broker: Jeff Vertun - CBRE
Jeff Vertun of CBRE represented iDC Logistics in securing over 1.1 million square feet in new leases throughout Southern California. This includes 844,000 square feet in San Bernardino and 260,000 square feet in the City of Industry, which are part of iDC's national expansion and manufacturing efforts.
On the Map
Industrial
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Players
City of Industry 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