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7272 Lampson Avenue

Updated Dec 4, 2024

Dornin Investment Group Leases 22k SF Industrial Space To Lee Bros. FoodServices In Garden Grove
LEASEDIndustrial

Dornin Investment Group Leases 22k SF Industrial Space To Lee Bros. FoodServices In Garden Grove

7272 Lampson Avenue

$1

$1/SF

Building Size

22,074 SF

Asset Type

Industrial

Closing

Oct 15, 2024

About this deal

AI

The property located at 7272 Lampson Avenue in Garden Grove is an industrial asset. It features a total square footage of 22,074 and is being leased at a rate of $1.50 per square foot. The lease type for this transaction is classified as a NNN Lease, and the asset is positioned to accommodate industrial business needs.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Asking Rent: $1.50/ft
  • Square Footage: 22,074
  • Address: 7272 Lampson Avenue
  • Market: Garden Grove
  • Landlord: Chris Dornin
  • Landlord's Representative: Philip R. Smith - Dornin Realty Advisors
  • Lease Type: NNN Lease
  • Lease Duration: 7 years
  • Tenant: Lee Bros. FoodServices, Inc.
  • Occupancy Status: 100%

Dornin Investment Group has finalized a lease agreement with Lee Bros. FoodServices, Inc., which specializes in food distribution. This lease brings the total occupancy of the building to 100%, highlighting the successful completion of this transaction.

Players

Philip R Smith

Dornin Realty Advisors

Broker

1 deal

Broker

Garden Grove Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Deal FAQ

About $1 per square foot on a published $1 for 22,074 square feet (2024).

Visit Dornin Realty Advisors to view all their deals.

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

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