Anduril Industries Leases 1.2 Million Square Foot Campus From Sares Regis Group In Long Beach
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
Jan 27, 2026
AI
The property asset involved in this transaction is an industrial facility located in the Long Beach market, encompassing a total square footage of 1,200,000. This lease agreement features the leasing of over 1 million square feet from Sares Regis Group to support Anduril Industries' expansion efforts in Southern California.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Long Beach
- Landlord: Sares Regis Group
- Tenant: Peter Rooney & Palmer Luckey - Anduril Industries
- Total Square Footage: 1,200,000
- Office Space: 750,000 sq. ft.
- R&D Space: 435,000 sq. ft.
- Jobs Supported: 5,500
The deal's key individuals and companies include Peter Rooney and Palmer Luckey, who represent Anduril Industries in this significant lease. The transaction signifies a major development in the aerospace and defense sector in Long Beach, with multiple new buildings planned at the Douglas Park site.
Players
Market 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