Updated Dec 4, 2024
Daum Commercial Real Estate Services Leases 102,878 SF Industrial Property In Ontario For $8.8M With Landlord's Rep Christopher Migliori & Gus Andros And Tenant's Rep Jeff Bellitti
Building Size
102,878 SF
Asset Type
Industrial
Closing
Feb 9, 2024
About this deal
AI
DAUM Commercial Real Estate Services leased a 102,878 sq ft Class A industrial property in Ontario, Calif., for $8,785,000 over four years. The facility, strategically located at 5505 E. Concours Street, serves as a key logistics hub in Southern California's distribution network, offering office space, loading doors, ample parking, and freeway access.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,785,000
- Address: 5505 East Concours Street
- Market: Ontario
- Asset Type: Industrial
- Square Footage: 102,878
The lessor's representatives in this deal were Christopher Migliori and Gus Andros from Daum Commercial Real Estate Services. On the other hand, Jeff Bellitti from JLL represented the lessee.
Players
Market 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