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Dave & Buster's Signs Lease For 22,982-Square-Foot Space At The River At Rancho Mirage

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LEASED
$25
Marco Rossetti
Scott Riddles
+ 2

California

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Retail22,982 SF
Leased 05/18/2023
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Property Image
LEASED

Dave & Buster's Signs Lease For 22,982-Square-Foot Space At The River At Rancho Mirage

71800 Hwy 111, Rancho Mirage, CA 92270

See Similar Deals
Retail22,982 SF
Leased 05/18/2023
Marco Rossetti
Scott Riddles
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$25
Total Square Footage:22,982 SF
Transaction Type:Lease

Dave & Buster's has signed a lease for a 22,982-square-foot space at The River at Rancho Mirage, a premier retail center in California's Rancho Mirage. The lease was facilitated by the landlord, CL Investment Group, and the tenant's representatives from CBRE, including Scott Riddles, Derek Fitch, and Rob Crumly. The landlord's representatives from CBRE, Marco Rossetti, and Walter Pagel, also played a role in the transaction. The lease agreement sets the asking rent at $25 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 71800 Highway 11, Rancho Mirage
  • Market: Rancho Mirage

The lease agreement between Dave & Buster's and CL Investment Group will bring a new demographic to The River at Rancho Mirage. The retail center is known for its unique design elements and popular anchor tenants. Dave & Buster's plans to open its location in the third quarter of 2023, offering a new entertainment option for visitors to the retail center.

Players

Walter Pagel
4 deals$18.5M volume
BROKER

Marco Rossetti
CBRE
4 deals$145.2M volume(760) 346-2300
BROKER




LANDLORD

Details

LEASED
IMAGE: Walter Pagel, Derek Fitch, Scott Riddles, Marco Rossetti & Rob Crumly DATE: 05/18/2023 ADDRESS: 71800 Highway 11 MARKET: Rancho Mirage ASSET TYPE: Retail LANDLORD: CL Investment Group TENANT: Dave & Buster’s LANDLORD'S REP: Marco Rossetti & Walter Pagel - CBRE TENANT'S REP: Scott Riddles, Derek Fitch & Rob Crumly - CBRE ASKING RENT: $25/ft. ~ SF: 22,982 NOTE: Dave & Buster's has signed a lease for a 22,982-square-foot space at The River at Rancho Mirage, a premier retail center in California's Rancho Mirage. The location, set to open in Q3 2023, will bring a new demographic to the center, which features unique design elements and popular anchor tenants.

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Deal Type
Effective Rent (Annual)

$658,657.19

Total Lease Value

$6,586,571.86

Net Landlord Cash Flow$658,657.19