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Grand Crossings Parkway

Win.IT America Leases 606,500 Square Foot Warehouse At Grand Crossing South In City Of Industry
LEASEDIndustrial

Win.IT America Leases 606,500 Square Foot Warehouse At Grand Crossing South In City Of Industry

Grand Crossings Parkway

Building Size

Asset Type

Industrial

Closing

Jan 14, 2025

AI

The lease involved a 606,500-square-foot warehouse located at 23070 Grand Crossing Parkway in the City of Industry. This industrial asset is situated within a 290-acre campus developed by Majestic Realty, featuring 40-foot clear heights and equipped with 111 dock-high doors.

Summary of transaction details:

This transaction represents Win.IT America's second lease at the Grand Crossing South campus, increasing their total footprint within the site to nearly 847,000 square feet. The lease emphasizes the ongoing relationship between the tenant and Majestic Realty, as well as the involvement of Cushman & Wakefield in brokering the deal.

Players

Robin Dodson

Cushman & Wakefield

Broker

$85M

vol

2 deals

Broker

Walnut 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