Damco Signs Lease At 12801 Excelsior Dr In Santa Fe Springs For 989,809 Sq Ft
12801 Excelsior Dr, Santa Fe Springs...
Building Size
989,809 SF
Asset Type
Commercial
Closing
May 23, 2018
AI
The commercial property involved in the transaction is located at 12801 Excelsior Dr, Santa Fe Springs. The asset spans 989,809 square feet and is part of the logistics campus known as Goodman Gateway Santa Fe Springs. The property features 26- to 36-foot clear heights, 208 truck doors, ESFR sprinklers, 24/7 security and operations, offices to suite, and food and cold storage uses in specific buildings within the campus. Additionally, the campus provides 18 acres of trailer parking and is conveniently situated on 75 acres close to major transportation hubs.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Market: Santa Fe Springs
- Landlord's Rep: Louis Tomaselli (JLL)
- Tenant: Damco
- Landlord: Goodman Group
- Square Feet: 989,809
Damco, a provider of freight forwarding and supply chain management services, has signed a new 10-year lease with Goodman Group for the entirety of the logistics campus at Goodman Gateway Santa Fe Springs. Notably, JLL’s Senior Managing Director Louis Tomaselli and Managing Director Zach Niles represented Goodman in the lease transaction, while Lee & Associates’ Principals David Bales and Don Smith represented Damco, showcasing the key individuals and companies involved in facilitating the deal.
Players
Santa Fe Springs Commercial Market Snapshot
Boundary boundary · Commercial · 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