Dennis Pickering Leases Development Site At 25802 Victoria Boulevard In Dana Point
LEASED
$4
California
See Similar DealsDevelopment Site115,000 SF
Leased 01/31/2025
LEASED
Dennis Pickering Leases Development Site At 25802 Victoria Boulevard In Dana Point
25802 Victoria Boulevard
See Similar DealsDevelopment Site115,000 SF
Leased 01/31/2025
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$4
Total Square Footage:115,000 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$593,255.75
Total Lease Value
$5,932,557.54
Net Landlord Cash Flow$593,255.75
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