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28820 Chase Place, Valencia...

Amazon Leases 155,700 SF Property In Valencia, CA From IAC Properties With NKF Brokers
LEASEDMultiFamily

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

John DeGrinis

Newmark

Broker

$123.1M

vol

7 deals

Broker
Amazon
AmazonTenant

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