Elevate Aircraft Seating Leases 280460 SF Industrial Facility In Huntington Beach From Prologis
5701 Skylab Road
Building Size
280,460 SF
Asset Type
Industrial
Closing
May 19, 2025
AI
The property asset involved in this transaction is a 280,460 square foot industrial facility located at 5701 Skylab Road in Huntington Beach. This facility is leased by Elevate Aircraft Seating from the landlord, Prologis, Inc. The property includes both warehouse space and 40,000 square feet of office space, catering to the needs of the tenant for expanding their manufacturing and distribution operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5701 Skylab Road
- Market: Huntington Beach
- Landlord: Hamid Moghadam - Prologis, Inc
- Tenant: Elevate Aircraft Seating
- Brokers: Chris O’Connor & Steve Card - Savills
The deal involves key brokers from Savills, Steve Card and Chris O’Connor, who represented Elevate Aircraft Seating in the lease transaction. Their expertise facilitated the securing of a move-in-ready property owned by Prologis, which meets the operational requirements of the tenant while allowing them to retain their existing adjacent space.
Players
Huntington Beach Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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