Staley Adds to I.E., North O.C. Property Portfolio

Staley Point Capital’s expertise is infill value-add, and it’s adding to its infill goals with a $41 million purchase in Buena Park, Calif., which is in north Orange County, on the fringe of the hottest industrial property market: the Inland Empire.

The purchase is for two buildings, totaling 166,066 square feet on 9.2 acres, and located at 5530 Beach and 5609 River Rd. Staley’s acquisition in a sale-leaseback transaction that works out to $247 per building foot, or $102 per land foot. This transaction marks Staley Point’s fourth Orange County investment in the last 12 months, according to a news release, which included:

The two institutional-quality, 28-foot clear height properties have been leased back to the seller. The Buena Park site is less than 1.5 miles from the I-5 Highway and is well-positioned between the wealthy suburbs of Orange County (30 minutes), the ports of Los Angeles and Long Beach (30 minutes), and the Inland Empire (45 minutes).

The acquisition was completed via a joint venture between Staley Point Capital and Bain Capital Real Estate. 

Most recently, Staley Point acquired two land sites for redevelopment in the Inland Empire this week. The firm also purchased 12065 Pike St., a 159,964 square-foot infill industrial asset in Santa Fe Springs, Calif., for $35 million.