California

SIGNAL HILL, CALIF. — DRA has completed the sale of Signal Hill Commerce Center, a portfolio of three industrial properties spread across four buildings in Signal Hill. An out-of-state, high-net buyer acquired the portfolio for $24 million, or $268 per square foot. The properties are located at 2698 Junipero, 2300 Walnut and 2700 Rose avenues. Michael Longo, Eric Cox, Grant Goldman, Mark Shaffer, Anthony DeLorenzo and Brian Held of CBRE represented the seller, while Greg Grant and Pete Obradovich of CBRE’s Debt & Structured Finance organized the funding. Totaling 89,438 square feet on 4.3 acres, the portfolio is 87 percent leased to 46 tenants with unit sizes ranging from 1,250 square feet to 4,176 square feet. All four buildings feature a 24-foot clear height and between 12 and 20 ground-level doors.

CARLSBAD, CALIF. — Cushman & Wakefield has brokered the sale of Raceway Industrial, a Class A logistics facility at 3125 Lionshead Ave. in Carlsbad. An institutional seller sold the asset to a private capital buyer for $76.9 million. Aric Starck and Drew Dobbs of Cushman & Wakefield represented the seller, while Brant Aberg and Bryce Aberg, also of Cushman & Wakefield, represented the buyer in the transaction. Constructed in 2024, the 228,548-square-foot logistics center includes a 4,369-square-foot first-story office and a 4,000-square-foot mezzanine office. The facility also features a clear height of 36 feet, 69 dock-high loading positions, 125-foot concrete truck courts, 370 parking stalls, ESFR sprinkler systems and 4,000 amps of power.

SAN BERNARDINO, CALIF. — Overton Moore Properties has acquired a warehouse located at 890 E. Mill St. in San Bernardino from a Brookfield-based fund for an undisclosed price. Jeffrey Cole, Jeff Chiate, Rick Ellison, Matthew Leupold, Aubrie Monahan and Kristen Schottmiller of Cushman & Wakefield’s Industrial Advisory Group represented the seller in the deal. Rob Rubano and Brian Share of Cushman & Wakefield arranged acquisition financing for the buyer. Situated in the Inland Empire East submarket, the 525,756-square-foot warehouse is fully leased to a high-quality tenant with 4.5 years of remaining lease term. The building features a cross-dock design, 192 dock-high loading doors, fully air-conditioned warehouse space and 771 trailer parking stalls on 29 acres of excess land.