August 29, 2016 Comments Off on L.A. Investment Group Acquires Bayless Valencia NNN Views: 442 California News, Los Angeles, West

L.A. Investment Group Acquires Bayless Valencia NNN

Los Angeles-based Sierra Nevada Investment Group, Inc. acquired Bayless Engineering & Manufacturing’s buildings in Valencia, CA in a triple-net leased transaction valued at roughly $12 million. Bayless, which occupies all of the space, has been a leader in its industry sector and the Valencia business community for nearly 40 years.

The two Class A concrete-tilt-up buildings, located at 26100 and 26140 Avenue Hall, are within the Valencia Industrial Center.

Craig Lyon of Craig Lyon Commercial and Steve Calhoun at Colliers International represented the buyer. CBRE’s Craig Peters and Robert Valenziano represented the seller.

Valenziano says, “With private equity firms seeking to deploy funds in familiar and dynamic markets such as Valencia, and with 1031 exchange buyers searching for stable Class A assets anticipated to appreciate long-term, the competition for the Bayless Engineering buildings was strong.”

Connect with CBRE’s Valenziano

Connect with Craig Lyon

Connect with Sierra Nevada Investment Group

For comments, questions or concerns, please contact Dennis Kaiser

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