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4900 Rivergrade Road

San Gabriel/Pomona Regional Center Leases 53400 SF Office Space From MetLife In Irwindale
LEASEDOffice

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

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:

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.

Players

Kevin Duffy

CBRE

Broker

3 deals

Broker

Michel A. Khalaf

MetLife

Landlord

$288.2M

vol

8 deals

Landlord

Baldwin Park Office Market Snapshot

Boundary boundary · Office · 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