John Sims Of Sylvamo North America Renews 236,069 Square Foot Lease At 15005 Northam Street
15005 Northam Street
Building Size
236,069 SF
Asset Type
Industrial
Closing
Apr 28, 2026
AI
The property involved in this transaction is located at 15005 Northam Street in La Mirada, California. It is classified as an industrial asset with a total square footage of 236,069. The landlord for this property is LBA Logistics.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 15005 Northam Street
- Market: La Mirada
- Landlord: LBA Logistics
- Tenant: John Sims - Sylvamo North America
- Lease Renewal: Yes
The deal features John Sims representing Sylvamo North America as the tenant in this lease agreement with LBA Logistics. This renewal secures the tenant's West Coast distribution hub and marks one of the largest Mid-Counties industrial lease agreements recorded in the first quarter of 2026.
Players
La Mirada 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