Avison Young Brokers Cathedral City Industrial Sale
A multi-tenant industrial building with value-add potential located in Cathedral City, CA has traded hands for $4.8 million. Avison Young’s Keith Kropfl and Michael Ganz, along with Creatus Properties’ Thom Olson, represented the buyer, Cathedral City 2, LLC. Coldwell Banker represented the seller, North First Street Properties LP.
Built in 1989, the 29,400-square-foot industrial property is situated on 1.75 acres of land at 68945 Perez Rd., with frontage and access along Perez Road. The property is currently 100% leased to tenants that include Caliber Collision Centers, Su Casa Imports and additional space entitled for cannabis manufacturing.
“The property is an excellent investment opportunity in fast-developing Cathedral City, with its business-friendly environment geared to help companies of various sizes and industries to start-up, grow, thrive and succeed,” said Kropfl.
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.
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