Focus Real Estate Acquires a Value-Add Multi-Tenant
Industrial Project in Oceanside, CA
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Focus Real Estate is pleased to announce the acquisition of a value-add multi-tenant industrial property consisting of five buildings totaling 73,800 square feet located at 179, 271, 180 and 230 Roymar Road and 3310 Via de la Valle in Oceanside, CA. The property is located in close proximity to State Route 76 and the Interstate 5 Freeway. Built in 1977, the property features grade-level rollup doors. Focus intends to modernize the exterior of the building with a new roof, paint, landscaping, signage and asphalt, and renovate interiors with new office and warehouse improvements as well as upgraded electrical, plumbing and HVAC systems. The acquisition was funded with equity from private high net-worth investors and debt provided by Farmers and Merchants Bank.
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Focus would like to thank Joe Crotty and Tyler Stemley with Colliers Carlsbad who represented the buyer on the acquisition of the property and Josh McFayden with Colliers Carlsbad who represented the seller.
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179, 271, 180 & 230 Roymar Road
and 3310 Via de la Valle
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Acquisition of a 73,800 square foot multi-tenant industrial project consisting of five buildings. Renovation, stabilize cash flow, and lease up to sell to private investor.
Focus Real Estate acquires and sells Value-Add Single-Tenant
Industrial Building in Vista, CA
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Focus Real Estate aquires 26,000 square foot value add freestanding single-tenant industrial/distribution building including a short-term lease back to the seller. Located in a prime corner location in Vista, California, the building includes 6,000 square feet of high-end creative office space. Focus renovated the property and sold to an owner/user upon lease expiration. The acquisition was funded with equity from private high net-worth investors and debt provided by Farmers and Merchants Bank.
Barry Hendler of Lee and Associates Carlsbad represented Focus on both the acquistion and sale of the property, and Kelly Nicholls of Lee and Associates Carlsbad represented the buyer.
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2465 Coral Street
$5,371,000 sale/leaseback of a 26,000 square foot single-tenant industrial building in Vista, California. Flexible leaseback to allow seller to sell his business. Value add reposition during and after leaseback.
Focus Real Estate Completes Sale of a Value-Add Multi-Tenant
Industrial Property in Santa Fe Springs, CA
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Focus Real Estate is pleased to announce the sale of a multi-tenant industrial building located at 11705-11711 Slauson Avenue in Santa Fe Springs, CA. The property is located 1.5 miles from the 605 and 5 Freeways with major street frontage along Slauson Avenue and Dice Road. The low finish building has a large fenced yard with six ground level loading doors, and is divisible for lease for up to 4 units. Focus purchased the property 70% vacant as a value-add investment and subsequently modernized the interior and exterior of the building with the intent to lease as a multi-tenant property. The property was ultimately sold to an owner/user who will occupy a portion of the building and continue to lease the occupied to Airgas.
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The original acquisition was funded all cash from private high net-worth investors. Focus would like to thank Tai Ngo with the Lee & Associates Industry Office who represented the Focus Real Estate on both the acquisition and disposition of the property, and Rob Socci and Hayden Socci with Voit Real Estate who represented the buyer.
Copperwood Center
Arrow Business Park
11705 - 11711 Slauson Avenue
$4,350,000 sale of a 17,900 square foot multi-tenant industrial building in Santa Fe Springs, California. Value add investment funded all cash from private net-worth investors. Renovated, leased up and sold to private investor.
Focus Real Estate Completes the Sale of Four Multi-Tenant
Industrial Properties Totaling $58 Million
Focus Real Estate completes the disposition of four multi-tenant industrial parks totaling $58.0 million. Each property was purchased as a value-add investment with significant deferred maintenance and below market rents, and in some cases inflated operating expenses. Focus subsequently invested capital to address deferred maintenance, renovate exteriors and modernize interiors upon rollover, while concurrently working closely with property managers and leasing teams to minimize operating expenses and maximize gross revenue. Through these efforts Focus was able to provide deal level IRR’s between 20% and 35%.
$20.3 million sale of a 141,000 square foot eight building multi-tenant industrial park located in Oceanside, CA. Acquired in 2015, capital was funded with equity from HG Capital and debt from Sunwest Bank. Focus would like to thank Josh McFadyen, Joe Crotty and Paul Lafrenz with Colliers International who represented Focus on the acquisition, leasing and disposition of the property, and Anthony DeLorenzo, Matt Pourcho, Gary Stache and Doug Mack with CBRE who also represented Focus on disposition of the property.
Copperwood Center
Arrow Business Park
$21.5 million sale of a 137,000 square foot seven-building multi-tenant industrial park located in Rancho Cucamonga, CA. Acquired in 2016, capital was funded with equity from HG Capital and debt from Silvergate Bank. Focus would like to thank Mike Bouma and Juan Gutierrez of Voit Real Estate Services who represented Focus on both the acquisition and disposition of the property, and Dave McErlean, Mark McErlean and Don Barmakian with Delmar Commercial Real Estate who represented Focus on leasing and also on disposition of the property.
$9.3 million sale of a 52,000 square foot incubator multi-tenant industrial park located in San Marcos, CA. Acquired in 2018, capital was funded with equity from private investors and debt from Sunwest Bank. Focus would like to thank Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates who represented Focus on both the acquisition and disposition of the property, and Dean Tilton of Tilton Realty who represented Focus on leasing, property management and also on disposition of the property.
1320 Grand Industrial Park
Watson Industrial Park
$6.8 million sale of a 33,000 square foot incubator multi-tenant industrial park in the Wilmington submarket of Los Angeles, California. Acquired in 2017, capital was funded with equity from private investors and debt from Silvergate Bank. Focus would like to thank Michael Hefner and Mike Bouma of Voit Real Estate Services who represented Focus on the disposition of the property, and Trauger Ralston and Anthony Hoke with Lee & Associates who represented Focus on the leasing and assistance in disposition of the property.
