Staley Point Capital and Bain Capital are teaming up to purchase two industrial properties in Southern California for $42.6 million.
One is located in Orange County at 2335 Moore Avenue in Fullerton, CA. The other is in North Los Angeles at 21339 Nordhoff Street in Chatsworth, CA. They both collectively make up 232,000 square feet. The cost of the properties comes out to $183 per square foot.
The Orange County property is fully leased to a food user and features a concrete truck court, and 26 high dock loading positions. The asset's vacancy rate is just 2.1 percent and 0.6 percent of the property under construction.
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