LAKE ELSINORE, CA—Dunbar Real Estate Investment Management has completed the sale of a multi-tenant industrial project in the Lake Elsinore area of the Inland Empire. The 39,034 square foot incubator industrial project was sold to a private 1031 investor.
Dunbar acquired the loan to the property in late 2011 and successfully acquired fee simple title in early 2012 via a deed-in-lieu of foreclosure with the borrower. With its proactive management and leasing team, Dunbar was able to take the project from 43% occupied to over 90% at sale.
Carey Pastor and Nathan Cardiel of Coldwell Banker Commercial-Sudweeks Group made efforts on behalf of Dunbar.
Dunbar is aggressively seeking value-added office and industrial investment opportunities in Southern California and Phoenix. Please contact Ross Mitchell at 310.751.7970 or ross@dunbarinvestments.com with any new opportunities.
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