Amazon Leases 155,700 SF Property In Valencia, CA From IAC Properties With NKF Brokers
28820 Chase Place, Valencia, California, USA
Building Size
155,700 SF
Asset Type
MultiFamily
Closing
Jun 17, 2020
AI
Amazon has signed a lease agreement for a property located at 28820 Chase Place in Valencia, CA. The property, with a total square footage of 155,700, is owned by IAC Properties. The deal was facilitated by brokers John DeGrinis, Jeff Abraham, and Patrick DuRoss from NKF.
Summary of transaction details
- Property Type: Lease
- Date: 06/18/2020
- Market: Valencia, CA
- Tenant: Amazon
- Landlord: IAC Properties
- Brokers: John DeGrinis, Jeff Abraham, and Patrick DuRoss - NKF
- Asking Rent: $11 (approx.)
- Square Footage: 155,700
This lease transaction represents an agreement between Amazon and IAC Properties. The brokers, John DeGrinis, Jeff Abraham, and Patrick DuRoss from NKF, facilitated the deal. With a square footage of 155,700, the property is located at 28820 Chase Place in Valencia, CA.
Players
Valencia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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