AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of Silver Star Self Storage located at 1905 E. William Cannon Dr. in Austin. A California-based investment group purchased the 68,050-square-foot, 622-unit property from an undisclosed seller. Mark Villanueva of Marcus & Millichap’s Austin office represented the seller in the transaction, for which the sale price was undisclosed.
Industrial
MONTEBELLO, CALIF. — Los Angeles-based BH Properties LLC has completed the disposition of an 89,600-square-foot industrial building owned by BH Industrial LLC. Located at 1561 Chapin Rd. in Montebello, the property sold for $7 million. Peter Bacci of Lee & Associates represented the seller; David Lin of Kotai Realty represented the buyer, Chang Wei Wu, in the transaction.
PALM BEACH GARDENS, FLA. — Lake Worth, Fla.-based D&C Properties has purchased 39,916 square feet of industrial space for its headquarters at Gardens Commerce Center in Palm Beach Gardens, from West Palm Beach, Fla.-based Riverside Development, for $9 million. The property is situated on 2 acres. Jeff Kelly and Robert Smith of CB Richard Ellis’ Boca Raton, Fla., office were the sole brokers in the transaction and exclusively represented the buyer.
ELKHART, IND. — Marcus & Millichap has completed the sale of a 156,800-square-foot industrial building located in Elkhart. The single-tenant property is currently leased to Pioneer Plastics. Mike Albright and Michael Wernke of Marcus & Millichap’s Chicago office, along with John Godwin of the firm’s Detroit office, represented the seller, an Indiana-based developer. The property was acquired by a California-based private family trust completing a 1031 exchange. The property listed for $5.32 million, representing an 8.5 percent cap rate.
NEWARK, CALIF. — San Francisco-based D.R. Stephens & Co. has purchased a 65,000-square-foot industrial facility, which is located at 8455 Cabot Ct. in Newark. Golden, Colo.-based Edwards Enterprises sold the property for an undisclosed price. The property is fully occupied by San Jose, Calif.-based Sanmina-SCI Corp. Andy Zighelboim and Mike Rosendin of Colliers Investment Services Group in San Jose brokered the transaction.
CARSON, CALIF. — Sheri Messerlian of NAI Capital’s South Bay office represented both parties in the sale and acquisition of a 34,629-square-foot industrial building. Located at 21136 S. Figueroa St. in Carson, the property sold for $5.7 million. The building will be occupied by the buyer, 21136 S. Figueroa LLC, as an owner/user. The seller was not disclosed.
GREENVILLE, S.C. —Schwarz & Schwarz has acquired two warehouses in Greenville, totaling 240,000 square feet, from Greenville-based T. Walter Brashier & Associates, for $6.6 million. Caterpillar has leased the 160,000-square-foot warehouse located along Old Laurens Road, and Human Technologies has leased the 80,000-square-foot warehouse located along Welcome Road. Ford Borders and Grice Hunt of Greenville-based NAI Earle Furman and John Scott of Greenville-based Grubb & Ellis | The Furman Co. were the sole brokers in the transaction and exclusively represented the seller.
INDIANAPOLIS — Coldwell Banker Commercial Realty Services (CBC) has brokered the sale of a 61,480-square-foot industrial facility located at 1737 Massachusetts Ave. in Indianapolis. Harvey Levin and Jeffery Baumgartner of CBC represented the seller, RW Carter Corp. The undisclosed buyer was represented by Sandra Jarvis and Brian Epstein of Urban Space Commercial Properties. The acquisition price was not disclosed.
COLTON, CALIF. — SMC Grease Specialist Inc. has acquired an 8.34-acre industrial land parcel, which is located at the southwest corner of Agua Mansa and Rancho roads in Colton. A private seller sold the property for $2.8 million. The buyer plans to develop industrial buildings on the property. John Boyer of NAI Capital’s Ontario, Calif., office, along with Joe Stewart of NAI Capital’s Riverside, Calif., office, represented both parties in the transaction.
SCHAUMBURG, ILL. — Chicago-based Wrightwood Capital has added to its Industrial Property Fund III with the acquisition of an approximately 27,000-square-foot cold storage facility located at 2095 Hammond Dr. in Schaumburg. The property, which is fully leased to Amazing Food Manufacturing, features 20-foot clear ceiling heights, two interior and three exterior docks, 7,500 square feet of office space, and a USDA-approved cooler and freezer area. The opportunity was brought to Wrightwood by Keith Puritz of CB Richard Ellis and Joel Schneider of Atlas Partners. The acquisition price was not disclosed.