Updated May 14, 2025
San Gabriel/Pomona Regional Center Leases 53400 SF Office Space From MetLife In Irwindale
4900 Rivergrade Road
Building Size
53,400 SF
Asset Type
Office
Closing
May 8, 2025
About this deal
AI
The asset involved in this transaction is an office property located at 4900 Rivergrade Road in Irwindale, covering a total square footage of 53,400. The market for this property is identified as Irwindale.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Michel A. Khalaf - MetLife
- Tenant: Jesse Weller - San Gabriel/Pomona Regional Center
- Landlord's Representative: Damon Feldmeth, Jackie Benavidez, Kevin Duffy, Natalie Bazarevitsch & Sean O'Malley - CBRE
- Tenant's Representative: Max Schneider - Savills
- Lease Size: 53,400 SF
- Occupancy Rate: 95% for MetLife's property
- Market Context: Largest office lease in San Gabriel Valley in 2025
This deal was brokered by CBRE and Savills, involving representatives who played crucial roles in facilitating the lease agreement. The transaction represents an expansion for San Gabriel/Pomona Regional Center, which now occupies over 150,000 square feet in the area.
On the Map
Office
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Baldwin Park Office Market Snapshot
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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