The transaction involves a leased industrial property located at 11650 Burke Street in Santa Fe Springs. The asset encompasses a total area of 106,100 square feet and is classified as a Class A distribution facility, with a lease term of 10 years and a total commitment of $22 million, translating to a monthly rate of $1.73 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22M
• Lease Term: 10-year
• Square Footage: 106,100
• Address: 11650 Burke Street
• Market: Santa Fe Springs
• Landlord: Kekropia Inc
• Tenant: Lionext Inc
• Landlord's Representative: Joel Hutak & Phillip DeRousse - Lee & Associates
• Tenant's Representative: Ryan Campbell - NAI Capital

Key representatives involved in the lease include Ryan Campbell, who acted on behalf of the tenant, Lionext Inc, while the landlord, Kekropia Inc, was represented by Joel Hutak and Phillip DeRousse from Lee & Associates. This collaboration highlights the roles of these professionals in the successful negotiation of the lease agreement.