Updated Oct 29, 2024
Scenic Expressions Leases 299,234 SF Industrial Space In Santa Clarita With Tenant's Rep Brent Weirick - JLL
25530 Springbrook Avenue, Santa Clarita, California 91350, United States
Building Size
299,234 SF
Asset Type
Industrial
Closing
Jan 9, 2023
About this deal
AI
A lease transaction has taken place in Santa Clarita. The property involved is an industrial asset with a total area of 299,234 square feet. The address of the property is 25530-25765 Springbrook Avenue.
Summary of transaction details
- Property Type: Industrial
- Tenant: Scenic Expressions - Mark Larinto
- Landlord: COV-Saugus B LLC
- Landlord's Representative: Craig Peters - CBRE
- Tenant's Representative: Brent Weirick - JLL
The tenant, Scenic Expressions represented by Mark Larinto, has leased the industrial property located at 25530-25765 Springbrook Avenue in Santa Clarita from the landlord, COV-Saugus B LLC. The transaction was facilitated by the landlord's representative, Craig Peters from CBRE, and the tenant's representative, Brent Weirick from JLL.
On the Map
Industrial
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Players
Santa Clarita 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