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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. 

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