Updated Mar 6, 2026
Varda Space Industries Leases 205443 SF Industrial Campus At 2031 E Mariposa Ave El Segundo
2031 East Mariposa Avenue
Building Size
205,443 SF
Asset Type
Industrial
Closing
Mar 4, 2026
About this deal
AI
An industrial campus consisting of 205,443 square feet was leased at 2031 East Mariposa Avenue in El Segundo. This property was previously utilized as a research and development facility by Mattel.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2031 East Mariposa Avenue
- Market: El Segundo
- Landlord: Michael Woods - GPI Companies
- Tenant: Will Bruey - Varda Space Industries
- Brokers: Bob Haley - CBRE
The deal enables Varda Space Industries to enhance its spacecraft manufacturing capabilities linked to its pharmaceutical processing business conducted in orbit. This initiative follows missions executed with SpaceX Falcon 9 rockets and establishes a three-building complex, as the company plans to increase production up to the year 2028.
On the Map
Industrial
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Players
El Segundo 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