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Eric Jensen Of Jensen Infrastructure Acquires 100 Acre Development Site In Lancaster For $46M
SOLD
$46,000,000
California
See Similar DealsDevelopment Site
Sold 02/18/2026
SOLD
Eric Jensen Of Jensen Infrastructure Acquires 100 Acre Development Site In Lancaster For $46M
Development Site
Sold 02/18/2026
Summary
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,453,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62
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