YT Jia Of Faraday Future Leases 99200 Square Foot Office Space In El Segundo
1990 East Grand Avenue
Building Size
99,200 SF
Asset Type
Office
Closing
Mar 18, 2026
AI
The asset involved in the transaction is an office property located at 1990 East Grand Avenue in El Segundo, covering a total area of 99,200 square feet. This property serves as the new global headquarters for Faraday Future Intelligent Electric Inc., representing a relocation from Gardena.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1990 East Grand Avenue
- Market: El Segundo
- Tenant: YT Jia - Faraday Future
The deal involves YT Jia, representing Faraday Future, which is downsizing its operations. This move is part of a strategic pivot toward AI and robotics, indicating a significant shift in focus away from traditional electric vehicle production.
Players
El Segundo Office Market Snapshot
Boundary boundary · Office · 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