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OC-Based Northmarq Team Arranges $40M Deal for Three Industrial Properties
Northmarq SVP Peter Hauser in the company’s Irvine office collaborated with Shane Shafer, Matt Hauser and Jordan Hauser of the Newport Beach office to complete the sale of three industrial properties located in Carlsbad, Chino, and Nipomo. The team represented the buyer, a private family office investor based in Covina, who acquired the assets for a combined $39.61 million.
The properties included Nipomo Self Storage, which sold for $12.5 million; a 32,000-square-foot Class B industrial property in Carlsbad that sold for $11.85 million; and a 52,000-square-foot, multi-tenant industrial property in Chino, for which the buyer paid $15.26 million.
“We were able to identify this purchase opportunity off market, through a long-standing brokerage relationship,” said Hauser. “Through completing this exchange, our client’s cash flow is projected to increase by 40%.”
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- ◦Sale/Acquisition
