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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 23070 Grand Crossing Parkway
- Market: City of Industry
- Landlord: Reon Roski & Hank Darnell - Majestic Realty
- Tenant: Win.IT America
- Brokers: Chris Tolles & Robin Dodson - Cushman & Wakefield
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
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