Updated Jul 16, 2025
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
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