Updated Oct 29, 2024
LBA Logistics Leases Industrial Property On S Stimson Ave In La Puente
918 S Stimson Ave, La Puente, CA, 91...
Building Size
282,000 SF
Asset Type
Industrial
Closing
Sep 14, 2020
About this deal
AI
The industrial property located at 918 S Stimson Ave, La Puente, CA, 91... in the City of Industry spans 282,000 square feet. The lease for this asset was finalized on 09/14/2020 between the tenant's representative, Ty Newland from Cushman & Wakefield, and the landlord, LBA Logistics.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Address: 918 S Stimson Ave, La Puente, CA, 91...
- Market: City of Industry
- Tenant's Rep: Ty Newland (Cushman & Wakefield)
- Landlord: LBA Logistics
- Square Feet: 282,000
The involvement of Ty Newland from Cushman & Wakefield as the tenant's representative and LBA Logistics as the landlord underscores the key individuals and entities in this lease transaction.
On the Map
Industrial
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Players
City of Industry 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