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570 East Mill Street

Updated Jul 16, 2025

Bilt advertisement
Michael O'Sullivan Of Burlington Coat Factory Renews 758180 SF Lease In San Bernardino
LEASEDIndustrial

Michael O'Sullivan Of Burlington Coat Factory Renews 758180 SF Lease In San Bernardino

570 East Mill Street

Building Size

758,180 SF

Asset Type

Industrial

Closing

Jul 11, 2025

About this deal

AI

The property involved in this lease transaction is an industrial asset located at 570 East Mill Street, San Bernardino. The lease pertains to a significant space of 758,180 square feet situated on 31.86 acres. This site is utilized as a distribution center in the Inland Empire market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Lease Area: 758,180 SF
  • Address: 570 East Mill Street
  • Market: San Bernardino
  • Tenant: Michael O'Sullivan - Burlington Coat Factory

Burlington Coat Factory has renewed its lease for this space, marking its third lease renewal within the region. This renewal is recognized as one of the largest industrial lease deals in the Inland Empire within the second quarter of 2025.

Players

Michael O'Sullivan

Tenant

$497M

vol

5 deals

Tenant

San Bernardino Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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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

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