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4465 Corporate Center Drive

Aleres Property Group Leases Industrial Space To Westlake Produce At 4465 Corporate Center Drive
LEASEDIndustrial

Aleres Property Group Leases Industrial Space To Westlake Produce At 4465 Corporate Center Drive

4465 Corporate Center Drive

$26

$26/SF

Building Size

82,305 SF

Asset Type

Industrial

Closing

Jun 4, 2025

AI

The property involved in this transaction is an industrial asset located at 4465 Corporate Center Drive in Los Alamitos. The total square footage of the facility is 82,305, and it is subject to a NNN lease. The asking rent for the lease is set at $26 per square foot. The lease agreement is for a term of 5 years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Specified
  • Address: 4465 Corporate Center Drive
  • Market: Los Alamitos
  • Landlord: Aleres Property Group
  • Tenant: Westlake Produce
  • Asking Rent: $26/ft
  • Lease Type: NNN Lease
  • Lease Term: 5 year deal
  • Brokers: Justin Kreisberg & Jake Zacuto - Zacuto Group; Laird Perkins, Joshua Kracke & Blake Wade - CBRE

Zacuto Group represented Westlake Produce, a national produce importer and distributor, in securing the lease for this industrial cold storage facility. The involvement of CBRE brokers Laird Perkins, Joshua Kracke, and Blake Wade was also crucial in facilitating this transaction.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker
Zacuto Group
Zacuto GroupBrokerage
CBRE
CBREBrokerage

Los Alamitos 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

610115.38%

Cash-on-Cash

-174372.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93