Ball Road Basin, Anaheim

April 19, 2019

Address:  Ball Road Basin, Anaheim

Description:  849,420 sq. ft. of land area (19.5 acres)

Lessor:  Orange County Water District

Lessee:  Competitive Power Ventures dba Orange County Energy Park, LLC

Assignment:  Engaged by the Orange County Water District to negotiate the terms of an option and long term ground lease for a privately-operated energy production facility.

Result:  Negotiated a 20-year ground lease with a three (3) 10-year options to extend the lease. The Hefner Team was able to negotiate an additional $27,770,000 in total lease consideration over the initial offer from Competitive Power Ventures, nearly doubling the value of the lease for the client.

Total Value of the Transaction:  $51,870,000