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| 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.
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| Chris Migliori |
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
