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Shein Leases 1 Million SF Industrial Space From Brian Kingston In Cherry Valley
LEASED
California
See Similar DealsIndustrial1,000,000 SF
Leased 02/21/2025
LEASED
Shein Leases 1 Million SF Industrial Space From Brian Kingston In Cherry Valley
36500 Cherry Valley Boulevard
See Similar DealsIndustrial1,000,000 SF
Leased 02/21/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,000,000 SF
Transaction Type:Lease
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.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$57,319,396.56
Total Lease Value
$573,193,965.57
Net Landlord Cash Flow$57,319,396.56
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