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20559 Prairie Street

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

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

20559 Prairie Street

Building Size

60,300 SF

Asset Type

Industrial

Closing

Jan 31, 2024

AI

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

Lee & Associates

Broker

$81.3M

vol

9 deals

Broker

Chatsworth 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