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JLL Secures Lease For Sixt Rent-a-car At 231 W Katella Ave, Anaheim

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LEASED

California

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Retail1,500 SF
Leased 02/28/2024
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Property Image
LEASED

JLL Secures Lease For Sixt Rent-a-car At 231 W Katella Ave, Anaheim

231 West Katella Avenue

See Similar Deals
Retail1,500 SF
Leased 02/28/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:1,500 SF
Transaction Type:Lease

The retail property involved in the transaction is a 1,500 square foot building located at 231 West Katella Avenue in Anaheim. This property will be leased to Sixt Rent-a-car, marking their first location in Orange County. The lease agreement reflects the increased post-COVID leasing demand from the travel industry.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 231 West Katella Avenue
  • Market: Anaheim
  • Tenant: Sixt Rent-a-car
  • Landlord: MacBaisey Living Trust
  • Landlord's Rep: Justin McMahon - JLL
  • Tenant's Rep: Bronson Morgan & Ryan Gurman - CBRE

The lease for the 1,500 sq ft retail space was brokered by Justin McMahon from JLL representing the landlord, MacBaisey Living Trust. On the tenant's side, the deal was facilitated by Bronson Morgan and Ryan Gurman from CBRE, marking Sixt Rent-a-car's entry into Orange County with its upcoming location near Disneyland, set to open in the second quarter of 2024.

Players

Bronson Morgan
7 deals$13.4M volume(415) 446-8796
BROKER

Ryan Gurman
CBRE
13 deals$34.1M volume
BROKER

Details

LEASED
IMAGE: Justin McMahon, Bronson Morgan & Ryan Gurman DATE: 02/28/2024 ADDRESS: 231 West Katella Avenue MARKET: Anaheim ASSET TYPE: Retail ~ SF: 1,500 LANDLORD: MacBaisey Living Trust TENANT: Sixt Rent-a-car LANDLORD'S REP: Justin McMahon - JLL (@JLL) TENANT'S REP: Bronson Morgan (@BronsonMorgan.la) & Ryan Gurman (@Gurman.la) - CBRE (@CBRE) NOTE: JLL secured a new lease for Sixt Rent-a-car in Anaheim, California, reflecting increased post-COVID leasing demand from the travel industry. The 1,500 sq ft building at 231 W Katella Ave, near Disneyland, will be Sixt's first location in Orange County, opening in Q2 2024.

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Deal Type
Effective Rent (Annual)

$85,979.09

Total Lease Value

$859,790.95

Net Landlord Cash Flow$85,979.09