ARA Snags Anaheim Industrial Asset
Los Angeles-based American Realty Advisors (ARA) acquired a 143,930 square-foot, newly-constructed industrial asset in Anaheim, CA for an undisclosed amount. The asset was picked up from a pair of in Newport Beach, CA-based firms, Batcheller Equities and Panattoni Development Company.
ARA’s Scott Anderson says, “We are strategically targeting core properties that have long-term leases in-place with extremely high-quality tenants and fixed annual rental increases. This asset checks all of the boxes. It is leased to an electrical contracting company through 2028 with built-in annual escalations, is located in an exceptionally strong and supply-constrained market, and features quality new construction with top-of-the-line amenities.”
The 100%-leased North Orange County property is located at 1730 South Anaheim Way. The facility provides freeway visibility along Interstate 5, and quick and convenient access to five freeways.
ARA represented itself as the buyer, and NKF Capital Markets’ Bret Hardy and Jeff Read represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition