Search
 

Cress Capital Plans SoCal Portfolio Expansion

PERRIS, CA—In an off-market transaction, the Newport Beach, CA-based investor in conjunction with PacVentures Inc. buys a 30-acre property here as well as a 10-acre excess land parcel GlobeSt.com EXCLUSIVELY learns.

By Natalie Dolce | Updated on September 18, 2015

PERRIS, CA—GlobeSt.com has exclusively learned that Cress Capital LLC , a Newport Beach-based investor, in conjunction with PacVentures Inc., it has acquired a 30-acre property including two industrial buildings. The buildings total 310,000 square feet, as well as a 10-acre excess land parcel for approximately $11.3 million. 

Located at 3411 N. Perris Blvd. in Perris, CA, each of the two buildings are occupied by a single tenant on a long term lease. The transaction was negotiated directly between Cress Capital and the seller. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.