Updated May 4, 2026
Luxxbox Leases 15,164 Square Feet At Lakeville Business Park In Petaluma From Basin Street Properties
1622 Corporate Circle
Building Size
15,164 SF
Asset Type
Industrial
Closing
Apr 28, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 1622 Corporate Circle in Petaluma, California. The total square footage of the property is 15,164. It is situated in a market that is seeing an increase in demand for industrial and flex space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 15,164
- Address: 1622 Corporate Circle
- Market: Petaluma
- Landlord: Scott Stranzl - Basin Street Properties
- Tenant: Jason Bird - Luxxbox
Jason Bird from Luxxbox entered into a lease agreement with Scott Stranzl, representing Basin Street Properties. This lease at Lakeville Business Park allows Luxxbox to expand its presence in the North Bay area, marking a significant addition to the business park's mix of tenants.
On the Map
Industrial
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Petaluma 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