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Raj Subramaniam Of FedEx Signs Industrial Lease For 516124 Square Feet In Downey
LEASED
California
See Similar DealsIndustrial516,124 SF
Leased 01/16/2026
LEASED
Raj Subramaniam Of FedEx Signs Industrial Lease For 516124 Square Feet In Downey
9399 Stewart And Gray Road
See Similar DealsIndustrial516,124 SF
Leased 01/16/2026
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:516,124 SF
Transaction Type:Lease
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.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$29,583,916.23
Total Lease Value
$295,839,162.29
Net Landlord Cash Flow$29,583,916.23
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