Updated Oct 16, 2025
Marc Winterhoff Of Lucid Motors Leases 92,500 SF Industrial Space At 250 Stockton Avenue San Jose
250 Stockton Avenue
Building Size
92,500 SF
Asset Type
Industrial
Closing
Oct 9, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 250 Stockton Avenue in San Jose. The facility spans a total of 92,500 square feet, situated in a growing market for industrial properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 250 Stockton Avenue
- Market: San Jose
- Tenant: Marc Winterhoff - Lucid Motors
The deal is marked by Lucid Group's establishment of a studio and service center at the specified address, representing its first venture in the area to provide vehicle servicing. The grand opening event is planned to feature executive appearances and demo drives, signaling the company's strategic expansion within the Bay Area as electric vehicle sales continue to surge.
On the Map
Industrial
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Players
San Jose 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