Drawbridge Realty Leases 286,636 SF To Collectors Universe At Pacific Center
LEASED
California
See Similar DealsOffice286,636 SF
Leased 09/07/2022
LEASED
Drawbridge Realty Leases 286,636 SF To Collectors Universe At Pacific Center
1600 E St Andrew Pl, Santa Ana, CA, 9...
See Similar DealsOffice286,636 SF
Leased 09/07/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:286,636 SF
Transaction Type:Lease
1600 E St Andrew Pl, Santa Ana, CA is the location of the Pacific Center, where Drawbridge Realty executed a lease agreement with Collectors Universe for an office space encompassing 286,636 square feet. This transaction is part of the Santa Ana market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: 15-year lease
- Tenant: Collectors Universe
- Landlord: Drawbridge Realty
- Tenant's Representative: Zev Holzman - Savills
- Landlord's Representative: Ross Bourne - CBRE
- Square Feet: 286,636
This lease represents the third long-term agreement Drawbridge Realty has established with significant tenants recently, indicating a structured approach to managing and leasing its properties. Additionally, Drawbridge Realty facilitated this expansion for Collectors Universe by negotiating an early lease termination with Mr. Cooper, enabling Collectors Universe to increase their presence at the Pacific Center.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$16,429,802.55
Total Lease Value
$164,298,025.52
Net Landlord Cash Flow$16,429,802.55
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