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Urban Property Group Secures Lease For Pannikin Coffee & Tea In Oceanside's Historic Bunker House

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LEASED

California

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Retail2,000 SF
Leased 09/21/2023
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LEASED

Urban Property Group Secures Lease For Pannikin Coffee & Tea In Oceanside's Historic Bunker House

322 North Cleveland Street

See Similar Deals
Retail2,000 SF
Leased 09/21/2023
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:2,000 SF
Transaction Type:Lease

Urban Property Group (UPG) has secured a lease for Pannikin Coffee & Tea in Oceanside's historic Bunker House, comprising 2,000 square feet on the ground floor and an adjacent patio. This lease transaction, facilitated by UPG, allows Pannikin Coffee & Tea to expand its presence while preserving the historic building.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Square Footage: 2,000
  • Address: 322 North Cleveland Street
  • Market: Oceanside

The property is located at 322 North Cleveland Street in Oceanside. The lease includes 2,000 square feet of space on the ground floor, as well as an adjacent patio. Pannikin Coffee & Tea, a tenant in the building, will be able to expand its operations while preserving the historic significance of the Bunker House. Urban Property Group (UPG), represented by Serena Patterson, facilitated the lease transaction. Amy McNamara, also of UPG, served as the broker for the deal.

Players

Amy McNamara
1 deal
BROKER

Details

LEASED
IMAGE: Serena Patterson & Amy McNamara DATE: 09/21/2023 ADDRESS: 322 North Cleveland Street MARKET: Oceanside ASSET TYPE: Retail ~ SF: 2,000 LANDLORD: Urban Property Group (UPG) - Serena Patterson TENANT: Pannikin Coffee & Tea (@pannikincoffeeandtea) BROKER: Amy McNamara - Urban Property Group (@urbanpropertygroup_socal) NOTE: Urban Property Group (UPG) has secured a lease for Pannikin Coffee & Tea in Oceanside's historic Bunker House, comprising 2,000 square feet on the ground floor and an adjacent patio. The move expands Pannikin's presence and preserves a historic building, with UPG facilitating the lease transaction.

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Deal Type
Effective Rent (Annual)

$114,638.79

Total Lease Value

$1,146,387.93

Net Landlord Cash Flow$114,638.79