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25802 Victoria Boulevard

Dennis Pickering Leases Development Site At 25802 Victoria Boulevard In Dana Point
LEASEDDevelopment Site

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

Chris Comfort

Broker

$108.5M

vol

14 deals

Broker

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