Updated May 12, 2025
CBRE Facilitates Lease For Mullen Automotive At 121,615-SF Industrial Building In Fullerton, CA
1500 East Walnut Avenue
Building Size
121,615 SF
Asset Type
Industrial
Closing
Nov 7, 2023
About this deal
AI
The property involved in the transaction is a 121,615-square-foot industrial building located at 1500 East Walnut Avenue in Fullerton, California. It features a clear height of 32 feet, dock-high doors, and a secured fenced yard, offering convenient access to major routes and ports.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Landlord: Link Industrial
- Tenant: Mullen Automotive
- Brokers: Bennie Seybold & Sean Ward - CBRE
- Date: 11/07/2023
This lease was facilitated by CBRE for Mullen Automotive, an electric vehicle manufacturer, allowing them to expand their local operations and presence in Orange County.
Players
Lexington Park 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