LEASEDIndustrial
Luminous Capital Management And Virtus Real Estate Capital Lease 75,000 Square Feet To Reotemp In San Diego
10225 Willow Creek Road
Building Size
75,000 SF
Asset Type
Industrial
Closing
Jun 11, 2026
AI
The property involved in the transaction is an industrial asset located at 10225 Willow Creek Road in San Diego, CA. This facility spans a total square footage of 75,000 and is situated in the market segment of San Diego. The landlord for this lease is a partnership between Luminous Capital Management and Virtus Real Estate Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10225 Willow Creek Road
- Market: San Diego, CA
- Square Footage: 75,000
- Landlord: Luminous Capital Management & Virtus Real Estate Capital
- Tenant: Brian O’Leary - Reotemp Instrument Corp.
- Brokers: Brant Aberg, Louay Alsadek, Bryce Aberg, Andy Ewald & Peter Curry - Cushman & Wakefield
- Former Site: LG Electronics
The transaction secured Reotemp Instrument Corp. a full-building lease, facilitating their expansion from an initial footprint of 35,000 square feet to a new total of 55,000 square feet. Following a repositioning of the former LG Electronics site, the move is anticipated to take place after a 2027 buildout.
Players
Virtus Real Estate CapitalLandlord
LM
Luminous Capital ManagementLandlord
Willow Creek 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