Updated Jan 26, 2026
Raj Subramaniam Of FedEx Signs Industrial Lease For 516124 Square Feet In Downey
9399 Stewart And Gray Road
Building Size
516,124 SF
Asset Type
Industrial
Closing
Jan 16, 2026
About this deal
AI
The property asset involved in the transaction is an industrial facility located at 9399 Stewart And Gray Road in Downey. This asset spans 516,124 square feet and operates within the industrial market segment. The location provides advantageous access to major freeways and the Ports of Los Angeles and Long Beach.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 516,124
- Address: 9399 Stewart And Gray Road
- Market: Downey
- Tenant: Raj Subramaniam
- Tenant Company: FedEx
- Lease Date: 01/16/2026
Raj Subramaniam represents FedEx in this lease agreement, which is noted as the second-largest industrial lease in Los Angeles County for the fourth quarter of 2025. The deal enhances FedEx's distribution capabilities in Southern California amid growing demand for large-format logistics space.
On the Map
Industrial
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Downey 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