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Equity Oak Acquires San Diego Industrial Properties Off-Market
Equity Oak Ventures, LLC completed the $22.5-million all cash, off-market acquisition of two Industrial/R&D assets in north San Diego County. The two-building portfolio includes 1900 Aston Ave., a 44,757-square-foot industrial/R&D corporate headquarter asset within the Carlsbad Research Park, and a 42,862-square-foot industrial business park located at 11225-11245 W. Bernardo Ct. in Rancho Bernardo.
“While 100 percent leased, both these assets present significant untapped value given their premium locations in submarkets with strong market fundamentals,” said Chris Elmendorf, co-founder and managing director, Equity Oak. “We intend to maximize that value.”
Equity Oak originated the off-market opportunity and acquired it with Five Horizon Partners and a confidential limited partner. Equity Oak and Five Horizon formed a strategic operating partnership.
- ◦Sale/Acquisition


