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5401 East Jurupa Street

H Global Commerce Leases 142,556 SF Office Space In Ontario With Tenant's Rep CBRE
LEASEDOffice

H Global Commerce Leases 142,556 SF Office Space In Ontario With Tenant's Rep CBRE

5401 East Jurupa Street

Building Size

142,556 SF

Asset Type

Office

Closing

Dec 1, 2023

AI

Terry Lu's company, H Global Commerce, has signed a six-year lease for a 142,556-square-foot office space located at 5401 East Jurupa Street in Ontario. The lease was arranged by CBRE, and it marks the consolidation of H Global Commerce's Inland Empire locations into a single, more efficient space for its American headquarters. The company specializes in commercial glass products and home goods, and its decision to consolidate its operations is driven by the improved West Coast business growth linked to enhanced port activity in Los Angeles and Long Beach.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 5401 East Jurupa Street, Ontario
  • Market: Ontario
  • Size: 142,556 square feet

The landlord for the property is TA Realty, represented by Michael Ruane. H Global Commerce is represented by CBRE brokers Andrew Chaffee, James Toomarian, and Wes Jones. The landlord's representatives in the deal are Brad Yates and Stefan Pastor from Stream Realty Partners.

Players

Brad Yates

Stream Realty Partners⁠

Broker

$232M

vol

7 deals

Broker

Michael Ruane

TA Realty

Landlord

$133.5M

vol

2 deals

Landlord

Ontario 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