Los Angeles-based Dunleer has acquired a 20-unit, 24,000-square-foot industrial property for $4.7 million in Santa Ana, CA.  The complex, located at 2222 W. 2nd St. consists of four freestanding adjacent building on four separate parcels.

BJ Turner, the founder of Dunleer said in a news release, “Our business plan is to execute a 24-month capital improvement program which will be aimed at attracting top quality tenants. We look forward to being stewards of the asset and in the event it comes time to exit the investment, we will have optionality to sell to investors as well as owner-users.”

Turner noted that Dunleer has closed on a number of industrial properties over the past few months, commenting, “We are bullish on Southern California small bay industrial assets as supply for the product has remained relatively stagnant, while demand continues to increase.”