Updated Sep 9, 2024
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
About this deal
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.
On the Map
$12
$12/SF
Industrial
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Players
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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