Updated Jul 28, 2026
Velo3D Leases 288,700 Square Foot Industrial Building In Livermore For $55.8 Million
711 Challenger Street
Building Size
288,700 SF
Asset Type
Industrial
Closing
Jul 24, 2026
About this deal
AI
The industrial building located at 711 Challenger Street in Livermore, California, encompasses a total square footage of 288,700. This asset is valued at $55.8 million and is owned by OMP and Invesco. The property is now fully leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $55.8 million
- Address: 711 Challenger Street
- Market: Livermore, CA
- Square Footage: 288,700
- Landlord: OMP & Invesco
- Tenant: Arun Jeldi - Velo3D
- Broker: Colliers
Colliers represented the landlords OMP and Invesco in this lease transaction, which involved tenant Arun Jeldi from Velo3D.
Livermore 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