Panattoni Development Leases 69882 Square Feet To Unknown Tenant In Placentia Represented By Chris Migliori
721 S Van Buren St, Placentia, CA, 92...
Building Size
69,882 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 721 S Van Buren St, Placentia, CA, encompassing a total area of 69,882 square feet. The market for this property is identified as Placentia. The landlord for this lease is Panattoni Development.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 721 S Van Buren St, Placentia, CA
- Square Feet: 69,882
- Market: Placentia
- Tenant: Unknown
- Landlord: Panattoni Development
- Tenant's Representatives: Curtis Krusie(Inc.), John Van Rossem(Inc.)
- Landlord's Representative: Chris Migliori(Daum Commercial Real Estate Services)
The deal involves various key individuals and companies, with Curtis Krusie(Inc.) and John Van Rossem(Inc.) representing the tenant, while Chris Migliori from Daum Commercial Real Estate Services represents the landlord in this transaction.
Players
Placentia 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