ANAHEIM, CA—CapRock Partners LLC, a private commercial real estate investment firm based in Orange County, says it has acquired a premium multi-tenant industrial park here from a major life insurance firm.
Canyon Commerce Center is located at 5401-5445 E. La Palma Ave. in Anaheim the industrial park known as lies at the center of one of Orange County's most sought-after industrial submarkets, with near-immediate access to Imperial Highway (Highway 90) and the 91 Freeway. In total, the property encompasses 157,972 square feet, comprising 19 individual units.
“With our expertise in the Southern California industrial sector, we've been closely tracking the recovery of the small building for-sale market, as well as the constricting vacancy rates for this type of product across the region,” said Jon Pharris, co-founder and director of Acquisitions for CapRock Partners. “The premier location and institutional quality of this asset, as well as the opportunity to realize significant upside, made this a smart investment for CapRock.”
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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.
