Richards Foods Signs 72,079 Square Foot Lease At 3450 Caballero Boulevard Buena Park
Caballero Boulevard
Building Size
72,079 SF
Asset Type
Industrial
Closing
May 1, 2026
AI
The asset involved in this transaction is a 72,079-square-foot industrial property located at 3450 Caballero Boulevard in Buena Park, California. The asset is positioned in the Mid-Counties submarket and is notable for being among the largest new leases recorded in the first quarter of 2026.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3450 Caballero Boulevard
- Market: Buena Park
- Landlord: Maury Tognarelli - Heitman
- Tenant: Richards Foods
This deal features Richards Foods as the tenant who has secured the lease from Heitman, contributing positively to the leasing activity despite the ongoing trends of rising vacancy rates and tenants gaining leverage in the cooling Southern California industrial market.
Players
Buena Park Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93