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Caballero Boulevard

Richards Foods Signs 72,079 Square Foot Lease At 3450 Caballero Boulevard Buena Park
LEASEDIndustrial

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

Maury Tognarelli

Heitman

Landlord

$360M

vol

8 deals

Landlord
RF
Richards FoodsTenant

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