Updated Sep 2, 2026
Manny Halley Of Imani Media Group Leases 125,000 Square Foot Industrial Space In Pacoima For 25 Years
12137 Montague Street
Building Size
125,000 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
The property involved in this transaction is a 125,000-square-foot industrial asset located at 12137 Montague Street, Pacoima, CA. The lease was executed under a long-term agreement for 25 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Landlord: Laura Clark - Rexford Industrial
- Tenant: Manny Halley - Imani Media Group
- Lease Terms: 25-year
- Upgrade Investment: $2 million to $6 million
- Facility Name: Imani Studio
Manny Halley represents Imani Media Group, having secured the former Quixote North Valley soundstage complex for redevelopment. The intention is to reopen the facility in the fall, aiming to capitalize on reduced production costs within the Los Angeles market.
On the Map
Industrial
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Players
Montague 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