Updated Dec 4, 2024
Fortress Investment Group Leases 135000 SF Industrial Space To Quantum Systems In Moorpark
609 Science Drive
$1
$1/SF
Building Size
135,000 SF
Asset Type
Industrial
Closing
Sep 25, 2024
About this deal
AI
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:
- Property Type: Industrial
- Transaction Amount: $1.35/ft NNN
- Lease Term: 6-Years
- Landlord: Fortress Investment Group
- Tenant: Quantum Systems
- Landlord's Representative: Bennett Robinson - CBRE
- Tenant's Representatives: Grant Fulkerson & Mike Tingus - Lee & Associates
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.
On the Map
$1
$1/SF
Industrial
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Players
Moorpark 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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93