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
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