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California  + Orange County  + Industrial  | 
Dunleer Grabs Santa Ana Industrial Property as Part of SoCal Portfolio

Dunleer Grabs Santa Ana Industrial Property as Part of SoCal Portfolio

Los Angeles-based Dunleer has acquired 4404 W. 1st St. in Santa Ana, CA as part of a Southern California Industrial Outdoor Storage (IOS) portfolio. The firm also purchased a storage yard on Artesia Boulevard in Bellflower. The total value of the transaction was $13 million.

The Santa Ana asset is just under 3 acres in size and includes a 4,000-square-foot office/industrial building. Located in a key infill Orange County location, the property is proximate to several freeways as well as John Wayne Airport. Dunleer has commenced site improvements including clean-up and repaving to attract a new user.

Dunleer’s Founder BJ Turner said, “We are bullish on IOS assets for a number of reasons. IOS is mission-critical real estate for a wide variety of tenants, they are generally easy to manage and lease and are a solid source of revenue with higher average cap rates compared to distribution centers.”

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Inside The Story

DunleerBJ Turner

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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