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7580 Cherry Ave, Fontana, C...

Updated Oct 29, 2024

Pacific PPE Corporation Leases Warehouse At 7580 Cherry Ave, Fontana, CA
LEASEDWarehouse

Pacific PPE Corporation Leases Warehouse At 7580 Cherry Ave, Fontana, CA

7580 Cherry Ave, Fontana, CA, 92336

Building Size

84,364 SF

Asset Type

Warehouse

Closing

Nov 22, 2023

About this deal

AI

The property at 7580 Cherry Ave in Fontana, CA, 92336 is a class-A warehouse/distribution facility with 84,364 square feet of space. The building features a 30-foot clear height, ESFR sprinkler system, 18 dock-high doors, two drive-in doors, and a 179-foot concrete truck court. It is strategically located in a distribution corridor near major interstate highways.

Summary of transation details:

  • Property Type: Warehouse
  • Transaction Amount: Not provided
  • Market: Fontana
  • Tenant: Pacific PPE Corporation
  • Landlord: Dermody Properties
  • Square Feet: 84,364
  • Tenant's Rep: Vivian Wang (Newmark)

Cushman & Wakefield represented Dermody Properties in the transaction, while Vivian Wang from NAI Capital Commercial’s Industrial Services Group in Ontario negotiated the lease on behalf of Pacific PPE Corporation. The competition for class-A warehouse/distribution space in the area is intense, with low vacancy rates, making this property a strategic choice for Pacific PPE Corporation's operational needs.

Players

Vivian Wang

Newmark

Broker

1 deal

Broker
Dermody Properties
Dermody PropertiesLandlord

Fontana Warehouse Market Snapshot

Boundary boundary · Warehouse · 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

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