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721 S Van Buren St, Placent...

Panattoni Development Leases 69882 Square Feet To Unknown Tenant In Placentia Represented By Chris Migliori
LEASEDIndustrial

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:

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

Chris Migliori

Daum Commercial Real Estate Services

Broker

$88.3M

vol

7 deals

Broker
PC
Panattoni Development CoLandlord

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