Institutional investor drops $41M on San Dimas industrial park
An institutional investor acquired a 19-building light industrial park in San Dimas for $41 million. SRS Real Estate Partners arranged the sale of San Dimas Commerce Center, a 179,345-square-foot property at 410-490 West Arrow Highway, the company said in a news release. SRS’ Dave Faris and Richard Schwartz represented the seller, an entity called San Dimas BP LLC, in the transaction. The national institutional investor that purchased the property has not been publicly disclosed. The 10.5-acre property was 90 percent occupied at the time of sale and is divided into 19 individually parceled buildings, most smaller than 10,000 square feet. […]This article originally appeared on The Real Deal. Click here to read the full story.
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