facebook
Traded Co logo
Submit
Daily limit: 0/10

Machina Labs Leases 60,300 SF Chatsworth Warehouse Enabling Production Increase

Property Image
LEASED

California

See Similar Deals
Industrial60,300 SF
Leased 01/31/2024
the dealplayerscompscontact
Property Image
LEASED

Machina Labs Leases 60,300 SF Chatsworth Warehouse Enabling Production Increase

20559 Prairie Street

See Similar Deals
Industrial60,300 SF
Leased 01/31/2024
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:60,300 SF
Transaction Type:Lease

An AI and robotics manufacturing firm, Machina Labs, has secured a five-year lease for a 60,300 square foot warehouse located at 20559 Prairie Street in Chatsworth. The lease agreement was facilitated by Lee & Associates, with Erica Balin and Scott Caswell representing the tenant on behalf of Machina Labs. The lease, provided by Lainer Investments, allows Machina Labs to expand its production capabilities by threefold, supporting their innovative approach to rapid iteration in factory design and engineering.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 20559 Prairie Street
  • Market: Chatsworth
  • Square Footage: 60,300

Machina Labs' notable clients, including Lockheed Martin, the US Air Force, and NASA, are set to benefit from the increased production capabilities enabled by the new lease agreement. This strategic move will support their mission to drive advancements in AI and robotics technology. Erica Balin and Scott Caswell of Lee & Associates have played a crucial role in securing this lease, ensuring Machina Labs' growth and success in the industry.

Players

Erica Balin
9 deals$81.3M volume(818) 444-4912
BROKER

Scott Caswell
Lee & Associates
9 deals$81.3M volume
BROKER

Details

LEASED
IMAGE: Scott Caswell, Edward Mehr & Erica Balin DATE: 01/31/2024 ADDRESS: 20559 Prairie Street MARKET: Chatsworth ASSET TYPE: Industrial ~ SF: 60,300 LANDLORD: Lainer Investments TENANT: Edward Mehr - Machina Labs BROKERS: Erica Balin (@EricaBalin_cre) & Scott Caswell (@Scott.Caswell) - Lee & Associates (@LeeAssociatesRE) NOTE: LA North/Ventura Principals Balin and Caswell secured a five-year lease for Machina Labs, an AI and robotics manufacturing firm, in a 60,300 SF Chatsworth warehouse, enabling a threefold production increase. The move, facilitated by Lee & Associates, supports Machina Labs' innovative approach to rapid iteration in factory design and engineering, with notable clients including Lockheed Martin, the US Air Force, and NASA, set for Q2 2024.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$3,456,359.61

Total Lease Value

$34,563,596.12

Net Landlord Cash Flow$3,456,359.61