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California  + Orange County  + Industrial  | 

Lake Forest Industrial Trades for 4.75% Cap Rate

A high-image 33,805-square-foot industrial building in Lake Forest, CA was acquired by a Beverly Hills family buyer for $9.4 million at a capitalization rate of 4.75%.

Built in 1997 at 25871 Atlantic Ocean Dr., the concrete tilt-up structure sits on nearly two acres of land zoned for traditional light industrial and manufacturing use. It is occupied by an online retailer that plans to remain in the building.

Colliers International’s Richard Schwartz and Joey Reaume represented the buyer. The seller was represented by Lee & Associates.

Colliers’ Schwartz says, “When we found the building listed for sale, we were as surprised as anyone since industrial properties in Orange County, especially occupied buildings with long lease terms remaining in central urban infill locations like Lake Forest, are a rarity these days. At this price and at this cap rate, it was a simple equation for our client, who when informed of the opportunity said, “Buy, buy, buy!”

Connect Bay Area is coming up July 18, 2019 at the Grand Hyatt San Francisco. Get more information, and register to attend on this link.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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