California

VISTA, CALIF. — Lee & Associates has brokered the $9.1 million sale of a three-building industrial portfolio located at 2438, 2440 and 2446 Cades Way in Southern California. All three buildings were acquired by a single private investor. The 33,573-square-foot portfolio features a combination of stable single-tenant occupancy, modern offices, heavy power, secured loading and yard areas, grade-level loading doors and “highly functional” warehouse configurations designed to accommodate a broad range of manufacturing users. Rusty Williams, Chris Roth and Jack Rubendall of Lee & Associates – Williams Roth Group represented the buyer and undisclosed seller in the off-market transaction.

SAN MARCOS, CALIF. — CBRE has negotiated the $14.5 million sale of an industrial property located in the Southern California city of San Marcos. An entity doing business as La Costa Meadows LLC sold the asset, located at 1755 La Costa Meadows Drive, to a private, 1031 exchange investor. Matt Pourcho, Anthony DeLorenzo and Rob Gunness of CBRE represented the seller in the transaction., while Michael Albert of Pacifica Capital and Kelly Betpolice of Kidder Mathews represented the buyer. Fluid Components International (FCI) fully occupies the 66,976-square-foot property. The company utilizes the property as its primary U.S. manufacturing facility and has occupied the asset since its construction in 1981.

TEMECULA, CALIF. — CBRE has brokered the $13.5 million sale of a three-building industrial park located at 40880, 40935 and 40945 County Center Drive in Temecula. Jewell Capital LLC acquired the property from South La Brea LCC. Totaling 68,073 square feet, the park consists of three single-story buildings across two separate parcels. At the time of sale, the asset was 97.4 percent leased to multiple tenants with an average tenant size of approximately 3,012 square feet and “ample” grade-level parking. Matt Pourcho, Matt Harris and Anthony DeLorenzo of CBRE represented the seller in the transaction.

LAGUNA HILLS, CALIF. — Mosaic Industrial has acquired Alcalde Business Center, a 37,318-square-foot industrial park located in Southern California in Laguna Hills. Terms of the transaction were not released. Jeff Carr, Anthony DeLorenzo and Mark Shaffer of CBRE represented the buyer and undisclosed seller in the deal. At the time of sale, the three-building Alcalde Business Center was 94 percent leased to multiple tenants. The buyer plans to reposition the park to serve continued demand from the small-bay industrial users in South Orange County, Calif.

CARSON, CALIF. — BKM Capital Partners has purchased Carson Industrial Center, an industrial campus situated on more than 20 acres in Los Angeles’ South Bay submarket, from a global investment advisor for $95 million. The 11-building campus offers 429,000 square feet of multi-tenant industrial space divided into 20 units with an average unit size of 21,000 square feet. Additionally, the campus features a combined 79 dock-high and grade-level doors, 14- to 21-foot clear heights and parking for 651 vehicles. At the time of sale, the property was 73 percent leased to tenants in sectors such as manufacturing, freight logistics, signal and connectivity solutions, luxury handbag distribution and novelty top importers. Each of the single-story buildings sites on its own parcel, and five are freestanding with private yards and frontage along Del Amp Boulevard. BKM has allocated more than $6 million to reposition and modernize the property. Planned improvements include reconfiguration and upgrading of vacant units while also addressing exterior deferred maintenance and introducing new signage and landscaping across the campus. Brett Turner and Michael Grossner provided in-house representation for BKM while Cushman & Wakefield represented the seller in the deal.

MENIFEE, CALIF. — Temecula, Calif.-based foodservice distributor Southwest Traders (SWT) has acquired the 229,934-square-foot Building 3 within Gateway at Menifee, an industrial facility located at 33520 Zeiders Road in Menifee. The seller was an entity doing business as Scott Road Property LLC, and the sales price was $40.5 million. The facility is situated within the five-building industrial complex formerly known as Scott Road Commerce Center. The buyer plans to invest approximately $25 million to retrofit a portion of the building into a state-of-the-art refrigerated distribution center. Rick Nunez, Mateo Mobilia and Michael Romero of Colliers represented the buyer in the transaction.