facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Lease

/

3351 E Philadelphia St, Ont...

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

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.

Players

Ron Washle

Newmark

Broker

6 deals

Broker
Principal Real Estate Investors
Principal Real Estate InvestorsLandlord

Ontario Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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