Daum Commercial completes long-term lease of 4.4-acre land parcel featuring industrial and office space in Orange County, CA

Approximately 4.4-acre land parcel encompassing
two buildings totaling 14,019 square feet
of corporate offices, showroom, and
 warehouse space in Buena Park, CA.
(Photo courtesy of DAUM Commercial)

 

 BUENA PARK, CA – DAUM Commercial Real Estate Services recently completed the lease of an approximately 4.4-acre land parcel encompassing two buildings totaling 14,019 square feet of corporate offices, showroom, and warehouse space in the Orange County submarket of Buena Park, California.

Chris Migliori, SIOR, an Executive Vice President at DAUM Commercial, represented the lessor, Cal Hickel Holdings, LP, in the transaction, securing a 74-month lease to a tenant whose operations are ideally served by the property. 

Chris Migliori

The property is located at 7015 Knott Avenue in Buena Park, California and situated near major highways including State Route 91, Interstate 5, and Interstate 605. 

The total consideration of the lease is more than $5 million.

“Our client had a prime, central Southern California location available that presented the potential to be utilized or adapted for a wide variety of uses, including warehousing and distribution, vehicle sales, or a parking lot,” explains Migliori.

“Through successful marketing of the property and a strategic evaluation of prospective lessees, we ultimately identified an automobile wholesaler and storage business that saw strong value in the asset’s existing facilities and 20:1 parking ratio.”

   

CONTACTS:

 

Arleeny Escarcega / Elisabeth Manville  
The Smart Agency, Inc.
(949) 438-6262 
aescarcega@thesmartagency.com

www.daumcommercial.com.