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3130 East Miraloma Avenue
LEASED

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

3130 East Miraloma Avenue

Industrial
144,000 SF
clock iconLeased 26 days ago
Michael "Mike" Hefner
Mike Vernick
Robert Feathers
+ 2
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Summary

Lease
CALIFORNIA
Industrial
144,000 sqft

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

  • All

    6

  • Agents

    4

  • Agencies

    2

Michael "Mike" Hefner's profile picture
Michael "Mike" Hefner
Voit Real Estate Services-image
Executive Vice President
$59.9M Sold

Details

Deal Summary
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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.

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Address3130 East Miraloma Avenue

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