Blake Baird Of Terreno Realty Corporation Leases 66000 Square Feet To Sung-Dae Hong In Rancho Dominguez
2310 E Gladwick Strancho Dominguez, Ca 90220, Us
Building Size
66,000 SF
Asset Type
Industrial
Closing
Feb 20, 2026
AI
The industrial asset involved in this lease transaction is located at 2310 East Gladwick Street in Rancho Dominguez. The property features a total square footage of 66,000 and is situated on 3.7 acres. The building, constructed in 2009, includes 13 dock-high doors, 28-foot clear heights, and ESFR sprinklers, which support its usage as a lab reagent manufacturing and distribution facility.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2310 East Gladwick Street
- Market: Rancho Dominguez
- Landlord: Blake Baird - Terreno Realty Corporation
- Tenant: Sung-Dae Hong - StatLab
- Lease Duration: June 2026 through September 2036
This transaction involves Blake Baird representing Terreno Realty Corporation as the landlord and Sung-Dae Hong representing StatLab as the tenant. The lease is expected to enhance Terreno's strategy focusing on ownership in infill, port-adjacent industrial markets, given the property's proximity to L.A. ports.
Players
Compton 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