PHOENIX — Stos Partners has completed the disposition of an industrial property in Phoenix. The Sacket Family purchased the asset for $7.2 million. Situated on 1.9 acres at 2757 E. Chambers St., the 28,520-square-foot building features 22-foot clear heights, a secured yard, abundant power, wrap-around access and signage. The seller originally acquired the asset in March 2022 for $4.4 million and implemented a capital improvement program that stabilized and re-tenanted the property. David Wilson and Carter Wilson of Daum Commercial represented the seller, while Alexey Zabolotskikh of Lee & Associates represented the buyer in the transaction.
TORRANCE, CALIF. — CBRE has arranged the purchase of a multifamily property located at 1751 Cabrillo Ave. in Torrance, just south of Los Angeles. A Torrance-based private exchange buyer acquired the asset from a Los Angeles-based seller for $4.8 million. Built in 1964, the two-story, 8,555-square-foot building features 11 units in a mix of one-, two- and three-bedroom layouts. Community amenities include an on-site laundry facility. Dan Blackwell and Trey Mitchell of CBRE represented the buyer in the transaction.
AURORA, OHIO — Advanced Innovative Manufacturing (AIM) has acquired a 105,124-square-foot industrial building located at 200 Francis Kenneth Drive in Aurora, a southeast suburb of Cleveland. The purchase price was undisclosed. AIM is transforming the former steel coil storage facility into a state-of-the-art manufacturing complex and expects to relocate from its current facility in Aurora in summer 2024. Eliot Kijewski of Cushman & Wakefield | CRESCO Real Estate represented AIM in the transaction. George Pofok of Cushman & Wakefield | CRESCO Real Estate represented the seller, Brennan Investment Group.
El SEGUNDO, CALIF. — Ocean West Capital Partners, an investment firm based in the Los Angeles suburb of El Segundo, has acquired five industrial properties totaling roughly 1.8 million square feet in California’s Inland Empire. The sellers were not disclosed. The sales price was approximately $100 million. The acquisition includes a portfolio of four industrial outdoor storage (IOS) sites that total 921,729 square feet across 21.2 acres in the Inland Empire’s San Bernardino and Fontana submarkets. The facilities were all delivered this year and feature concrete pavement, new fencing and lighting and a combined 604 total trailer stalls. All four of the properties recently received the necessary permits and approvals from the municipalities in which they are located to allow for outdoor storage uses, including trailer storage use. Each of the facilities is currently available for lease. The seller was not disclosed. Additionally, Ocean West acquired an advanced manufacturing facility totaling 908,000 square feet in Hanford. The facility, which was purchased off-market, houses the headquarters of luxury electric vehicle manufacturer Faraday Future, which recently upgraded the property and will continue to lease the space. “The Inland Empire is one of the most sought-after markets within the IOS sector given the …
COLLIERVILLE, TENN. — Aphorio Carter Fund Management Co., the critical infrastructure and data center division of Tampa-based Carter Funds, has acquired an enterprise data center located in the Memphis suburb of Collierville for $13 million. Situated within the 118-acre FedEx World Technology Center Campus, the property comprises 86,000 square feet on 4.6 acres. Built in 2001, the center is fully leased to an unnamed logistics company that occupies the property on a net lease. The seller was not disclosed.
TAMPA, FLA. — Marcus & Millichap has brokered the $7.6 million sale of a 54-room Best Western hotel in Tampa. Built in 2000, the property is located at 734 S. Dale Mabry Highway. Amenities at the hotel include a fitness center, business center and a swimming pool. Robert Hunter and Leo Reilly of Marcus & Millichap’s Fort Lauderdale office arranged the sale on behalf of the undisclosed seller. An out-of-state limited liability partnership acquired the property.
HOUSTON — A subsidiary of The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of Champions Healthcare at Willowbrook, a 242-bed seniors housing property located in northwest Houston. The healthcare campus consists of a 98-bed skilled nursing facility and a 144-bed assisted living facility. The seller and sales price were not disclosed.
SAN ANTONIO — Mimco, an El Paso-based retail investment firm, has purchased Walzem Plaza, a 182,713-square-foot shopping center located in northeast San Antonio. Built in 1981, the center is home to tenants such as Harbor Freight Tools, 99 Cents Only, Foot Locker, WellMed, Citi Trends and Wingstop. The seller was an entity controlled by Silver Star Properties. The sales price was not disclosed.
LAVEEN, ARIZ. — Colliers has arranged the sale of South Mountain Crossing, a neighborhood shopping center located at 3510-3648 W. Southern Ave. and 5806-5950 S. 35th Ave. in Laveen. Santa Ana, Calif.-based ACP Management acquired the property from Fairfield, N.J.-based Lamar Cos. for an undisclosed price. Built in 2007, South Mountain Crossing features 89,389 square feet of retail space on 6.9 acres. The asset is part of a 200,000-square-foot community center that includes 15 businesses, medical facilities and a charter school. Seven tenants occupy the asset, including SkyZone Trampoline Park, Goodwill and Kids Empire. Mindy Korth and JK Jackson of Colliers in Arizona, in conjunction with El Warner and Caitlin Zirpolo of Colliers in Irvine, Calif., handled the transaction.
DENVER — NAI Shames Makovsky has arranged the purchase of an industrial property located at 6270 E. 50th Ave. in Denver. Albrook Partners acquired the asset from C.C.E. Real Estate LLC for $3.8 million. The property features 34,782 square feet of industrial space. Paul Cattin and Adam Hubschman of NAI Shames Makovsky represented the buyer in the deal.