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California  + Orange County  + Industrial  | 

Lake Forest Industrial Trades for 4.75% Cap Rate

A high-image 33,805-square-foot industrial building in Lake Forest, CA was acquired by a Beverly Hills family buyer for $9.4 million at a capitalization rate of 4.75%.

Built in 1997 at 25871 Atlantic Ocean Dr., the concrete tilt-up structure sits on nearly two acres of land zoned for traditional light industrial and manufacturing use. It is occupied by an online retailer that plans to remain in the building.

Colliers International’s Richard Schwartz and Joey Reaume represented the buyer. The seller was represented by Lee & Associates.

Colliers’ Schwartz says, “When we found the building listed for sale, we were as surprised as anyone since industrial properties in Orange County, especially occupied buildings with long lease terms remaining in central urban infill locations like Lake Forest, are a rarity these days. At this price and at this cap rate, it was a simple equation for our client, who when informed of the opportunity said, “Buy, buy, buy!”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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