CARLSBAD, CA-Focus Real Estate has acquired a value-added, single-tenant 47,762 industrial building in Carlsbad. The building was purchased from an international tile company who will lease the property back for a two-year period. Focus has the option to replace the tenant during the lease-back period, and intends to market the building for sale or lease after completing a renovation program.
Focus closed the acquisition with equity from high net worth investors and debt from SunWest Bank, placed by Bridgeport Investments.
Chuck McNary and Erik McNary of Colliers International represented Focus Real Estate, and Roger Carlson and Lannie Allie of CBRE represented the seller.
Focus is seeking value-added office and industrial investment opportunities between $5M and $20M in Los Angeles, Orange, San Diego, San Bernardino and Riverside Counties.
Focus Real Estate has acquired or developed over 1.5MM SF in over 50 office and industrial buildings in Southern California with private and institutional investors. Focus draws upon the deep experience of its partners who have a combined 80 years of experience and have acquired or developed over $2.5B in real estate during their careers.
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