Anduril Industries Leases 41,770 Square Feet Office Space In Costa Mesa At $22.68/ft

The property asset involved in the transaction is an office space located at 3515 Harbor Boulevard in Costa Mesa, California. The tenant, Anduril Industries, has leased a total of 41,770 square feet at this location, with an asking rent of $22.68 per square foot. This acquisition expands Anduril Industries' presence in Orange County to over 1.3 million square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $22.68/ft
• Square Footage: 41,770
• Address: 3515 Harbor Boulevard
• Market: Costa Mesa
• Tenant: Palmer Luckey & Brian Schimpf - Anduril Industries

The key individuals involved in this transaction are Palmer Luckey and Brian Schimpf, representing Anduril Industries, a defense technology firm with a valuation of $30.5 billion following a funding round in June. This lease is part of the company's strategy to consolidate local operations amidst the broader industrial market trends, including rising vacancies and falling rents.