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Fortress Investment Group Leases 135000 SF Industrial Space To Quantum Systems In Moorpark

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LEASED
$1

California

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Industrial135,000 SF
Leased 09/25/2024
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LEASED

Fortress Investment Group Leases 135000 SF Industrial Space To Quantum Systems In Moorpark

609 Science Drive

See Similar Deals
Industrial135,000 SF
Leased 09/25/2024
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$1
Total Square Footage:135,000 SF
Transaction Type:Lease

The property asset involved in the transaction is an industrial space located at 609 Science Drive in Moorpark. The asset encompasses a total square footage of 135,000 and is under a lease with an asking rent of $1.35 per square foot on a NNN lease basis for a duration of 6 years.

Summary of transaction details:

The transaction features key individuals such as Bennett Robinson, representing the landlord, Fortress Investment Group, and Grant Fulkerson along with Mike Tingus, representing the tenant, Quantum Systems. Each representative played a crucial role in facilitating the agreement between the involved parties.

Players

Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER

Grant Fulkerson
Lee & Associates
26 deals$346.5M volume(818) 304-4956
BROKER

Bennett Robinson
CBRE
6 deals$145.5M volume
BROKER

Details

LEASED
IMAGE: Grant Fulkerson, Mike Tingus & Bennett Robinson DATE: 09/25/2024 ADDRESS: 609 Science Drive MARKET: Moorpark ASSET TYPE: Industrial LANDLORD: Fortress Investment Group TENANT: Quantum Systems LANDLORD'S REP: Bennett Robinson - CBRE (@CBRE) TENANT'S REP: Grant Fulkerson (@GrantFulkerson) & Mike Tingus (@MikeTingus) - Lee & Associates (@LeeAssociatesRE) ASKING RENT: $1.35/ft NNN ~ SF: 135,000 LEASE TERM: 6-Years LEASE TYPE: NNN Lease

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Deal Type
Effective Rent (Annual)

$208,929.20

Total Lease Value

$2,089,292.00

Net Landlord Cash Flow$208,929.20