LEASEDIndustrial
Relativity Space Leases Industrial Property In Long Beach From Landlord Goodman - Gregory Goodman
2400 E Wardlow Rd, Long Beach, CA, USA
Building Size
1,300,000 SF
Asset Type
Industrial
Closing
Jun 29, 2021
AI
Relativity Space has signed a lease agreement for an industrial property located at 2400 East Wardlow Rd in Long Beach. The property, owned by Gregory Goodman, spans 1,300,000 square feet and has been leased for a term of 16.5 years.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Relativity Space - Anthony Rozic
- Landlord: Goodman - Gregory Goodman
- Address: 2400 East Wardlow Rd
- Market: Long Beach
- Square Footage: 1,300,000
- Term: 16.5 years
The lease agreement was facilitated by Anthony Rozic, the representative for Relativity Space.
Players
Long Beach 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