facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Lease

/

10225 Willow Creek Road

Luminous Capital Management And Virtus Real Estate Capital Lease 75,000 Square Feet To Reotemp In San Diego
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

Brant Aberg

Cushman & Wakefield

Broker

$112.2M

vol

10 deals

Broker
Virtus Real Estate Capital
Virtus Real Estate CapitalLandlord
Brian O’Leary

Brian O’Leary

Reotemp Instrument Corp.

Tenant

1 deal

Tenant

Willow Creek Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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