Dennis Pickering Leases Development Site At 25802 Victoria Boulevard In Dana Point
25802 Victoria Boulevard
$4
$4/SF
Building Size
115,000 SF
Asset Type
Development Site
Closing
Jan 31, 2025
AI
The property asset involved in this transaction is a 2.6 acre outdoor storage facility located at 25802 Victoria Boulevard in the Dana Point market. The asset type is classified as a Development Site with a total square footage of 115,000. The landlord responsible for this property is Dennis Pickering, and the transaction is characterized as a long-term ground lease.
Summary of transaction details:
- Property Type: Ground Lease
- Transaction Amount: Not disclosed
- Address: 25802 Victoria Boulevard
- Market: Dana Point
- Asset Type: Development Site
- Square Footage: 115,000
- Landlord: Dennis Pickering
- Broker: Chris Comfort
Chris Comfort is the broker involved in this transaction, representing the landlord. There are new development plans underway for the site, indicating potential future enhancements to the property.
Players
Capistrano Beach Development Site Market Snapshot
Boundary boundary · Development Site · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3965750.00%
Cash-on-Cash
-1133423.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93