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
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