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Elon Musk Secures Lease For 267,099-SF Advanced Manufacturing Facility From Hines And Oaktree In Fremont
LEASED
+ 1
California
See Similar DealsIndustrial267,099 SF
Leased 02/09/2026
LEASED
Elon Musk Secures Lease For 267,099-SF Advanced Manufacturing Facility From Hines And Oaktree In Fremont
49000 Milmont Drive
See Similar DealsIndustrial267,099 SF
Leased 02/09/2026
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:267,099 SF
Transaction Type:Lease
The property involved in this transaction is an industrial asset located at 49000 Milmont Drive in Fremont, CA. It encompasses a total square footage of 267,099 and is positioned within a market that is experiencing heightened demand for industrial spaces, particularly from tech and manufacturing sectors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 49000 Milmont Drive
- Market: Fremont
- Landlord: Laura Hines-Pierce & Jeffrey Hines - Hines; Howard Marks - Oaktree Capital Management
- Tenant: Elon Musk - Tesla
The lease transaction involves key players including Laura Hines-Pierce and Jeffrey Hines representing Hines, alongside Howard Marks from Oaktree Capital Management. The tenant, Elon Musk, is engaging Tesla in this agreement to further its ambitions in robotics and AI-driven products through the newly leased facility.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$15,309,953.50
Total Lease Value
$153,099,535.01
Net Landlord Cash Flow$15,309,953.50
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