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13215 Cambridge St, Santa F...

Weee! Inc. Leases Space At Prologis Mid Counties Distribution Center In Santa Fe Springs
LEASEDIndustrial

Weee! Inc. Leases Space At Prologis Mid Counties Distribution Center In Santa Fe Springs

13215 Cambridge St, Santa Fe Springs, CA 90670

$12

$12/SF

Building Size

146,600 SF

Asset Type

Industrial

Closing

May 1, 2023

AI

Asian and Hispanic e-grocer Weee! Inc. has recently leased space at the Prologis Mid Counties Distribution Center in Santa Fe Springs, California. The company intends to expand its operations from its current cold storage facility in La Mirada. The lease was negotiated by CBRE's Ben Seybold and Rick McGeagh, who represented Prologis.

Summary of transaction details:

  • Property Type: MultiFamily
  • Tenant: Weee! Inc.
  • Location: Santa Fe Springs, California
  • Landlord's Representative: Not mentioned
  • Tenant's Representative: Not mentioned

The lease of space at the Prologis Mid Counties Distribution Center in Santa Fe Springs marks a significant move for Weee! Inc. as they look to expand their operations. With the help of CBRE's Ben Seybold and Rick McGeagh, Prologis was able to negotiate the lease and facilitate this expansion.

Players

Ben Seybold

CBRE

Broker

$18.1M

vol

3 deals

Broker

Los Angeles 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

1321916.67%

Cash-on-Cash

-377807.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93