California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Industrial  | 

Anaheim Industrial Compound Trades for $29.5M

Irvine, CA-based Greenlaw Partners sold Tri-Freeway Business Park, a multi-tenant industrial compound in Anaheim CA, to an undisclosed Northern California private, high-net-worth individual for $29.45 million. The 10-building property includes 208,824 square feet and features 114 units. The property traded for $141 per square foot, or a 5.5% cap rate.

The 97% leased asset drew high investor interest, including exchange buyers, institutions, high-net-worth individuals and family offices.

CBRE’s Gary Stache, Anthony DeLorenzo, and Doug Mack represented both parties. CBRE’s Shaun Moothart, Bruce Francis, Bob Ybarra, Dana Summers and Katie Diaz arranged $19.1 million in acquisition financing.

Stache says, “The majority of our recent transactions have sold to private capital or high-net-worth individuals in 1031-exchanges that are paying premium prices for the benefit of having a stable, income-producing property in a thriving neighborhood.”

*Google image

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at CBREConnect With CBRE’s StacheConnect With Greenlaw Partners

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
New call-to-action