Dunleer Acquires Two Business Parks in All-Cash Transactions

Dunleer, a Los Angeles-based private real estate investment and development firm,  recently acquired two fully occupied multi-tenant business parks totaling $9.39 million in the Southern California cities of Huntington Beach and Baldwin Park. Both properties were off-market transactions and were acquired for all cash.

In the larger of the two transactions, Dunleer acquired 7602 Talbert Ave., a 22,382-square-foot, 24-unit industrial business park in Huntington Beach, for $5.76 million. Alexander Harrold of Matthews Real Estate Investment Services represented Dunleer and the seller, a local private owner and family member of the original developer.

The company also acquired 5124 to 5130 Heintz St., a 17,629-square-foot, 16-unit industrial business park in Baldwin Park, for $3.63 million. Chad Gahr of NAI Global represented Dunleer, which was in a 1031 exchange, while Marie Taylor of NAI Global represented the seller, family members of the original developer.

“Dunleer is bullish on small bay multi-tenant industrial park assets, and we were fortunate to provide the individual sellers with all-cash transactions that provided quick and seamless paths to closings,” said BJ Turner, founder of Dunleer. “This property type historically outperforms single-tenant industrial property. Additionally, the supply rarely increases as costs make it economically prohibitive to build new product especially in infill locations within the greater Southern California region.”