Blake Baird Of Terreno Realty Corporation Leases 145000 Square Feet To Domestic Energy Company In Redondo Beach
3700 Redondo Beach Avenue, 3730 Redondo Beach Avenue & 2411 Santa Fe Avenue
Building Size
435,000 SF
Asset Type
Industrial
Closing
Feb 25, 2026
AI
The asset involved in this transaction is an industrial property located in Redondo Beach, comprising a total of 145,000 square feet across three buildings, specifically at 3700, 3730 Redondo Beach Avenue, and 2411 Santa Fe Avenue. The market for this property is Redondo Beach, and it is owned by Terreno Realty Corporation.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 145,000
- Address: 3700, 3730 Redondo Beach Avenue & 2411 Santa Fe Avenue
- Market: Redondo Beach
- Landlord: Blake Baird - Terreno Realty Corporation
The deal involves a lease agreement with a tenant that is an unnamed domestic energy company, likely a major utility operator associated with Southern California Edison. Blake Baird represents Terreno Realty Corporation in the leasing transaction.
Players
Redondo 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