The assets acquired over the past eighteen months include: 1920 Violet St., Los Angeles, a 63,104 sf multi-tenant warehouse building; 6541 Washington Blvd., Commerce, a 129,400 single- tenant industrial building; a 93,050-sf vacant industrial building located at 305 S. Acacia Ave., San Dimas; and 3050 Lomita Blvd., Torrance, a 73,496-sf single- tenant office/warehouse building.

The acquired assets include both vacant and leased properties with in-place lease rents typically 10-15% below market rates and rolling within 30-40 months of acquisition. The acquired properties are located in the South Bay, LAX, Mid Cities, Downtown, Mid Counties and the San Fernando and San Gabriel Valley. NSB has also announced the formation of NSB Value Added Fund II, a $50 million real estate investment fund targeting value- added properties comprised of industrial and neighborhood anchored retail centers located in Southern California.