Updated May 12, 2025
Golden Specialty Foods Signs Five-Year Lease For 40000 Square Feet In Santa Fe Springs
14518 Best Avenue
Building Size
40,000 SF
Asset Type
Retail
Closing
Apr 28, 2025
About this deal
AI
The property involved in this transaction is a 40,000-square-foot retail distribution facility located at 14518 Best Avenue in Santa Fe Springs. The lease is valued at $3 million over a term of five years. The facility has a clear height of 20 feet and includes five dock-high doors, offering convenient access to the I-5 and 91 freeways.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3 million
- Address: 14518 Best Avenue
- Market: Santa Fe Springs
- Landlord: Best Ave Centre LLC
- Tenant: Golden Specialty Foods
- Brokers: Chuck Noble, Rob Leiter & Dave Hunsaker - Lee & Associates
Rob Leiter represented the tenant, Golden Specialty Foods, in this leasing transaction, while Dave Hunsaker and Chuck Noble represented the landlord, Best Ave Centre LLC. This collaboration among brokers facilitated the completion of the lease agreement for this distribution facility.
On the Map
Retail
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Santa Fe Springs Retail Market Snapshot
Boundary boundary · Retail · 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