Richard Saghian Of Fashion Nova Leases 132,888 Square Feet Warehouse In Santa Fe Springs
12301 Hawkins Street
Building Size
132,888 SF
Asset Type
Industrial
Closing
Jul 23, 2026
AI
The leased property is a 132,888-square-foot warehouse located at 12301 Hawkins Street in Santa Fe Springs, California. This industrial asset plays a vital role in the logistics operations of its tenant, Fashion Nova. The property is strategically positioned within the Heritage Springs Business Park, enhancing its accessibility and operational efficiency.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12301 Hawkins Street
- Market: Santa Fe Springs, CA
- Landlord: David Gilbert - Clarion Partners
- Tenant: Richard Saghian - Fashion Nova
- Square Footage: 132,888
Richard Saghian of Fashion Nova has significantly expanded the company's logistics footprint in the market by approximately 33% through this lease agreement. The negotiation highlights the increasing demand for warehouse space within the region, underscoring the operational growth of Fashion Nova.
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