Northmarq’s Irvine office brokers sale of three industrial properties in California for a combined $39.61 million

IRVINE, CALIFORNIA (April 21, 2023) — Northmarq’s Peter Hauser, senior vice president in Northmarq’s Irvine office, collaborated with Shane Shafer, Matt Hauser, and Jordan Hauser to complete the sale of three industrial properties located in Carlsbad, Chino, and Nipomo, California. Northmarq represented the buyer, a private family office investor based in Covina, who acquired the assets for a combined $39.61 million.

“We were able to identify this purchase opportunity off market, through a long-standing brokerage relationship. Northmarq always works for our client’s best interest as a team,” said Hauser. “Through completing this exchange, our client’s cash flow is projected to increase by 40 percent.”

The first property was Nipomo Self Storage, a self-storage facility, located at 542 Lindon Lane in Nipomo, California. A private buyer acquired the asset for $12.5 million. Nipomo Self Storage offers a wide range of units, from small to large to even vehicles and the property consists of a mini storage facility, RV storage, industrial park, and additional land to build. The facility’s amenities include climate-control, indoor and outdoor units, drive-up access, RV parking, security cameras, and an on-site manager.

The second was a Class B industrial property located in Carlsbad, California which sold for $11.85 million. Built in 1983, the warehouse totals 32,000 sq. ft. and features ceiling heights up to 22 feet, one dock door, and one drive-in door.

The Chino property represents the third sale of a three-property exchange for Hauser’s long-term client. The 52,000 sq. ft. multi-tenant industrial property is located at 14055 Laurelwood Place in Chino, California. The property was acquired for $15.26 million. The property was built in 1981 and is situated on approximately two acres.