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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
LEASED
California
See Similar DealsIndustrial102,878 SF
Leased 02/09/2024
LEASED
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
Industrial102,878 SF
Leased 02/09/2024
Summary
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:102,878 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,896,904.88
Total Lease Value
$58,969,048.79
Net Landlord Cash Flow$5,896,904.88
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