October 19, 2016 Comments Off on North OC Industrial Complex Sold for $26M Views: 275 California, California News, Orange County, West

North OC Industrial Complex Sold for $26M

Newport Beach, CA-based Western Realco acquired a five-building, 180,087-square-foot industrial property in Brea, CA from Guardian Capital Management for roughly $26 million.

The Berry Street industrial complex is situated on 15.8 acres and was 100% leased, primarily under short-term leases.

Western Realco’s Gary Edwards says, “The Berry Street industrial complex is located in one of Orange County’s tightest submarkets with historic rent growth and near zero vacancy.” Edwards notes they will immediately initiate an asset repositioning campaign to meet demand in North Orange County, also one of the tightest markets in the U.S.

louis_tomaselli_jll

JLL’s Louis Tomaselli and Zach Niles represented the seller. The buyer was self-represented.

Connect with Western Realco’s Edwards

Connect with JLL’s Tomaselli

For comments, questions or concerns, please contact Dennis Kaiser

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