Industrial and Flex/Office Deals Underscore West Coast Appeal

In the first 30 days of 2021, EverWest Real Estate Investors completed almost $50 million in commercial real estate transactions in Southern California. Representing two industrial and flex/office assets, one in Redondo Beach and one in Carlsbad, the activity underscores a steady demand for high-quality West Coast investment opportunities.

“In spite of an uncertain economy, this region continues to experience notable deal volume and stability. San Diego County, in particular, achieved more than 2.3 million square feet of net absorption in 2020 and sustained steady rent growth, driven by life sciences and distribution companies,” said Erik Good, EverWest managing director of acquisitions.

In Carlsbad, EverWest completed the $25.25 million acquisition of 3209 Lionshead Ave. The 74,774-square-foot industrial headquarters is fully occupied under a long-term lease by prAna Living, a subsidiary of Columbia Sportswear.

In Redondo Beach, EverWest completed the $24 million sale of LINQ, a 50,000-square-foot creative office project located at 2400 Marine Ave., just south of El Segundo and adjacent to Manhattan Beach, I-405 and the Redondo Beach MetroLink.

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