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5701 Skylab Road

Elevate Aircraft Seating Leases 280460 SF Industrial Facility In Huntington Beach From Prologis
LEASEDIndustrial

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:

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

Steve Card

Savills

Broker

2 deals

Broker
Hamid Moghadam

Hamid Moghadam

Landlord

$2.6B

vol

51 deals

Landlord

Huntington Beach 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93