Eric Jensen Of Jensen Infrastructure Acquires 100 Acre Development Site In Lancaster For $46M
$46,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 18, 2026
AI
A 100-acre development site located at 30th Street and Avenue G in Lancaster, California, was sold for $46,000,000. The site will be developed into a 400,000-square-foot regional manufacturing facility. The buyer for this asset is Jensen Infrastructure, while the seller is NorthPoint. The price per building square foot is $115.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $46,000,000
- Buyer: Eric Jensen - Jensen Infrastructure
- Seller: NorthPoint
- Broker: Hunter McDonald - JLL
- Lender: Benjamin Goodnow - 3G Capital Partners
- Building Size: 400,000 square feet
- Acres: 100
Proficiency Capital will lead the development of the site, with construction scheduled to begin in Q1 2026 and completion projected for March 2027. Financing for the project is provided by 3G Capital Partners.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93