Ball Road Basin, Anaheim
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