Updated Nov 28, 2024
Lucid Group Inc Leases 60,624 SF R&D Space In Fremont, California From Prologis
44259 Nobel Drive Fremont, California 94538, Usa
$3
$3/SF
Building Size
60,624 SF
Asset Type
Industrial
Closing
Jun 13, 2023
About this deal
AI
Lucid Group Inc, an electric vehicle manufacturer, has leased a 60,624-square-foot research and development (R&D) space in Fremont, California. The facility, located at 44259 Nobel Drive, is less than 10 miles away from Lucid's headquarters in Newark. The lease was signed with the landlord, Prologis.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 44259 Nobel Drive, Fremont, California
- Market: Fremont
This lease demonstrates Lucid Group Inc's commitment to research and development, as they have specifically secured this space for that purpose. The R&D space was previously leased to Intuity Medical before being directly leased to Lucid.
Players
Melbourne 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
5287666.67%
Cash-on-Cash
-1511231.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93