(Read more on the industrial market.)

RANCHO DOMINGUEZ, CA-Investors have acquired 354,000 sf ofindustrial buildings here and 255,000 sf of properties in Santa FeSprings that offer a variety of options for their new owners,according to brokers from Colliers International and VoitCommercial Brokerage. In the largest of the deals, ColliersInternational reports that Realty Associates Advisors LLC bought afour-building portfolio totaling 301,392 sf from the locally basedWatson Land Co.

The portfolio included four single-tenant facilities at 18420,18700 and 18747 Lauren Park Rd., along with a property at 3025 E.Victoria Rd. According to SVP Michael Ross of the Ross-CórdovaInvestment Team at Colliers that brokered the sale, the four leasedbuildings are a sign of the "high demand and very low vacancies" inthe industrial submarket. Team member Fred Córdova notes that theindustrial portfolio presents a number of alternative investmentstrategies for the buyer, such as potential repositioning of theproperty or selling to an owner or user in the future.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.