Offshore Marine Signs 12000 SF Lease At 28041 North Bradley Road In Lake Forest
28041 North Bradley Road
Building Size
12,000 SF
Asset Type
Industrial
Closing
May 5, 2025
AI
The property asset involved in the transaction is located at 28041 North Bradley Road in Lake Forest, encompassing a total square footage of 12,000. It is designated as an industrial asset. The building also features outdoor storage and is partially available for lease, alongside being listed for sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 28041 North Bradley Road
- Market: Lake Forest
- Tenant: Offshore Marine
- Brokers: Brian Bocci, Denise Chaimovitz & Elisabeth Lazzara - Entre Commercial Realty
Offshore Marine signed a lease to establish its headquarters, distribution hub, and retail showroom at the said location. This lease showcases the firm's strategic move to centralize its operations within the new space.
Players
Lake Forest Industrial Market Snapshot
Boundary boundary · Industrial · 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