facebook
Traded Co logo
Submit
Daily limit: 0/10

Arden Engineering Renews Lease In Anaheim's Industrial Market At 3130 & 3150 E. Miraloma Ave

Property Image
LEASED
Michael "Mike" Hefner
Brian Bennett
Robert Feathers
+ 1

California

See Similar Deals
Industrial144,000 SF
Leased 05/21/2024
the dealplayerscompscontact
Property Image
LEASED

Arden Engineering Renews Lease In Anaheim's Industrial Market At 3130 & 3150 E. Miraloma Ave

3130 East Miraloma Avenue

See Similar Deals
Industrial144,000 SF
Leased 05/21/2024
Michael "Mike" Hefner
Brian Bennett
Robert Feathers
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:144,000 SF
Transaction Type:Lease

The property involved in the lease transaction is a 144,000-square-foot manufacturing facility located at 3130 & 3150 East Miraloma Avenue in Anaheim, California. This industrial asset belongs to Nuveen and is occupied by Arden Engineering Inc.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Landlord: Nuveen
  • Tenant: Arden Engineering Inc
  • Address: 3130 & 3150 East Miraloma Avenue
  • Market: Anaheim

The lease renewal deal was facilitated by Michael Hefner and Mike Vernick from Voit Real Estate Services, representing the landlord, Nuveen, and Brian Bennett & Robert Feathers from Kidder Mathews, representing the tenant, Arden Engineering Inc. The rental rate for the property was doubled by Arden Engineering Inc to align with the current market rates amidst changes in the Orange County industrial real estate market.

Players

Michael "Mike" Hefner
Voit Real Estate Services
Michael Hefner
9 deals$257.4M volume
BROKER
Brian Bennett
Kidder Mathews
Brian Bennett
2 deals$15.9M volume(949) 557-5016
BROKER
Robert Feathers
Kidder Mathews
Robert Feathers
1 deal(949) 557-5064
BROKER
Mike Vernick
Voit Real Estate Services
Mike Vernick
3 deals$13.2M volume(714) 935-2354
BROKER

Details

LEASED
IMAGE: 05/21/2024 ADDRESS: 3130 & 3150 East Miraloma Avenue MARKET: Anaheim ASSET TYPE: Industrial ~ SF: 144,000 LANDLORD: Nuveen TENANT: Arden Engineering Inc LANDLORD'S REP: Michael Hefner & Mike Vernick - Voit Real Estate Services TENANT'S REP: Brian Bennett & Robert Feathers - Kidder Mathews NOTE: Arden Engineering Inc., a Verus Aerospace subsidiary, has renewed its lease on its 144,000-square-foot manufacturing facility in Anaheim, California, situated near the Riverside (91) Freeway and the former Boeing campus, doubling its initial rental rate to align with market levels amid significant changes in the Orange County industrial real estate market, characterized by rising lease rates over the past decade. Despite fluctuations and rising vacancies from new developments, driven by e-commerce demands, the market remains robust, with Arden Engineering and similar adaptable companies well-positioned for continued success, as per industry analysts and brokers involved in the lease renewal negotiations.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$8,253,993.10

Total Lease Value

$82,539,931.04

Net Landlord Cash Flow$8,253,993.10