Principal Real Estate Investors Leases Industrial Property To Banyan Imports In Ontario
LEASED
California
See Similar DealsIndustrial203,408 SF
Leased 05/14/2021
LEASED
Principal Real Estate Investors Leases Industrial Property To Banyan Imports In Ontario
3351 E Philadelphia St, Ontario, CA, 9...
See Similar DealsIndustrial203,408 SF
Leased 05/14/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:203,408 SF
Transaction Type:Lease
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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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$11,659,223.81
Total Lease Value
$116,592,238.15
Net Landlord Cash Flow$11,659,223.81
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