LAKE ELSINORE, CA—Dunbar Real Estate Investment Management has completed the sale of a multi-tenant industrial project in the Lake Elsinore area of the Inland Empire. The 39,034 square foot incubator industrial project was sold to a private 1031 investor.
Dunbar acquired the loan to the property in late 2011 and successfully acquired fee simple title in early 2012 via a deed-in-lieu of foreclosure with the borrower. With its proactive management and leasing team, Dunbar was able to take the project from 43% occupied to over 90% at sale.
Carey Pastor and Nathan Cardiel of Coldwell Banker Commercial-Sudweeks Group made efforts on behalf of Dunbar.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
