Updated Apr 14, 2026
Chris Zheng Of SpeedX Signs Lease For 326,517 Square Feet Industrial Space In Montebello
2101 Flotilla Street
Building Size
326,517 SF
Asset Type
Industrial
Closing
Apr 9, 2026
About this deal
AI
The property asset involved in the transaction is an industrial space located at 2101 West Flotilla Street in Montebello. The asset encompasses a total of 326,517 square feet. This lease underscores the active market for industrial properties, particularly as e-commerce-driven logistics firms continue to expand in Los Angeles.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2101 West Flotilla Street
- Market: Montebello
- Tenant: Chris Zheng - SpeedX
Chris Zheng, representing SpeedX, has finalized a new lease for the significant industrial space. This move highlights the ongoing trend of logistics firms strategically positioning themselves near key distribution infrastructure in a competitive market environment.
On the Map
Industrial
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Players
Montebello 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