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3351 E Philadelphia St, Ont...

Updated Oct 29, 2024

Principal Real Estate Investors Leases Industrial Property To Banyan Imports In Ontario
LEASEDIndustrial

Principal Real Estate Investors Leases Industrial Property To Banyan Imports In Ontario

3351 E Philadelphia St, Ontario, CA, 9...

Building Size

203,408 SF

Asset Type

Industrial

Closing

May 14, 2021

About this deal

AI

The industrial property located at 3351 E Philadelphia St, Ontario, CA, boasts a generous 203,408 square feet. The lease transaction dated 05/14/2021 involved Banyan Imports as the tenant and Principal Real Estate Investors as the landlord.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 3351 E Philadelphia St, Ontario, CA
  • Market: Ontario
  • Landlord's Rep: Mark Kegans (Newmark), Ron Washle (Newmark)
  • Tenant: Banyan Imports
  • Landlord: Principal Real Estate Investors
  • Square Feet: 203,408

Mark Kegans and Ron Washle from Newmark represented the landlord, Principal Real Estate Investors, in the lease transaction with Banyan Imports. This agreement marks a significant deal in the industrial real estate sector in Ontario, highlighting the strategic decisions made by the involved parties.

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Industrial

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Players

Ron Washle

Newmark

Broker

6 deals

Broker
Principal Real Estate Investors
Principal Real Estate InvestorsLandlord
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Ontario 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

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