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River Plate Corporation Leases Industrial Space In Simi Valley For $15.6M
$0
LEASED
California
See Similar DealsIndustrial136,000 SF
Leased 03/28/2024
$0
LEASED
River Plate Corporation Leases Industrial Space In Simi Valley For $15.6M
2950 Madera Road
See Similar DealsIndustrial136,000 SF
Leased 03/28/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:136,000 SF
Transaction Type:Lease
The industrial property located at 2950 Madera Road in Simi Valley, spanning 136,000 square feet, was leased in a deal involving landlord Howard Schwimmer of Rexford Industrial and tenant River Plate Corporation.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $15.6 million
- Address: 2950 Madera Road
- Market: Simi Valley
Erica Balin and Scott Caswell of Lee & Associates played crucial roles in the transaction, representing River Plate Corporation in securing a direct lease for the warehousing and distribution center. Caswell highlighted Simi Valley's strategic advantages, while Balin emphasized their negotiation efforts that led to the successful deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,795,437.93
Total Lease Value
$77,954,379.32
Net Landlord Cash Flow$7,795,437.93
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