CapRock Snaps Up Single-Tenant Industrial in San Gabriel Valley
CapRock Partners acquired 300 E. Arrow Hwy., a 165,070-square-foot single-tenant industrial building in San Dimas, on an all-cash basis from an undisclosed investor. Terms of the deal weren’t disclosed..
“The San Gabriel Valley plays a prominent role in Southern California’s logistics and warehousing sector, and today’s economic conditions are generating some terrific investment opportunities,” said Bob O’Neill, SVP of acquisitions at CapRock Partners. “We continue to pursue strategic investments such as this that meet our criteria and provide risk-adjusted returns for our institutional investors.”
300 E. Arrow Hwy. is fully leased to long-term tenant, Western Pacific Storage Solutions, a leader in the engineering and manufacturing of industrial storage solutions, shelving systems, and material handling. The company has occupied the space for its manufacturing operations since 2001.
The transaction was facilitated by CBRE’s National Partners team led by Barbara Perrier, Darla Longo and Rebecca Perlmutter.
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).