Institutional Investor Snares San Dimas Light Industrial Park
SRS Real Estate Partners arranged the $41-million sale of San Dimas Commerce Center, a 19-building light industrial park located at 410-490 W. Arrow Hwy, in San Dimas. VP Dave Faris and EVP and senior managing principal Richard Schwartz represented the seller, San Dimas BP LLC. The buyer is an institutional investor with a national presence.
Situated on 10.54 acres, San Dimas Commerce Center totals approximately 179,345 square feet and was 90% occupied at the time of sale. It is leased to more than 70 local and regional businesses, including several long-term occupants.
“San Dimas Commerce Center offers the type of infill small-bay industrial product institutional investors seek but seldom have the opportunity to acquire,” said Faris. “The property combines diversified income from a broad tenant base with the long-term flexibility to sell individual buildings to owner-users. We built the marketing campaign around that optionality, and the strong response validated the strategy.”
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