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12801 Excelsior Dr, Santa F...

Damco Signs Lease At 12801 Excelsior Dr In Santa Fe Springs For 989,809 Sq Ft
LEASEDCommercial

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

Louis Tomaselli

JLL

Broker

$222.1M

vol

9 deals

Broker

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