Updated May 12, 2025
Lionext Inc Signs 10-Year Lease For 106100 SF Industrial Facility In Santa Fe Springs
11650 Burke Street
Building Size
106,100 SF
Asset Type
Industrial
Closing
Apr 25, 2025
About this deal
AI
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.
On the Map
Industrial
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Players
Santa Fe Springs 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