Updated Feb 25, 2025
Shein Leases 1 Million SF Industrial Space From Brian Kingston In Cherry Valley
36500 Cherry Valley Boulevard
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Feb 21, 2025
About this deal
AI
The asset involved in the transaction is a 1,000,000 square foot industrial space located at 36500 Cherry Valley Boulevard in the Cherry Valley market.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Brian Kingston - Brookfield Properties
- Tenant: Chris Xu - Shein
Shein has taken this 1M SF industrial space off the sublease market in Cherry Valley’s I-10 Logistics Center. The fast-fashion retailer previously preleased 1.8M SF in 2022 to further establish its U.S. logistics network in competition with Amazon, Temu, and TikTok.
On the Map
Industrial
View full map
Players
Cherry Valley Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse California industrial leases on Traded.
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