Updated Oct 29, 2024
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.
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Warehouse
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Fontana Warehouse 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