Updated Apr 23, 2026
Anduril Industries Signs 177,766 SF Industrial Lease At Lake Center Drive In Santa Ana
3120 West Lake Center Drive
Building Size
—
Asset Type
Industrial
Closing
Apr 22, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 3100-3120 Lake Center Drive in Santa Ana. The lease covers a substantial area of 177,766 square feet, making it a significant deal within the market. This property is part of the redeveloped South Coast Technology Center, contributing to its prominence in the Santa Ana industrial sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Area: 177,766 SF
- Address: 3100-3120 Lake Center Drive
- Market: Santa Ana
- Tenant: Palmer Luckey, Brian Schimpf & Trae Stephens - Anduril Industries
The lease signed by Anduril Industries marks the largest industrial lease in Orange County for the first quarter of 2026. The individuals involved, Palmer Luckey, Brian Schimpf, and Trae Stephens, represent Anduril Industries in this significant occupancy decision which reflects the increasing demand from defense and aerospace tenants in the region.
On the Map
Industrial
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Santa Ana Industrial Market Snapshot
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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