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Partners Capital Purchases Norwalk Industrial Property for $16M

Partners Capital Purchases Norwalk Industrial Property for $16M

Industrial real estate investment firm Partners Capital, has acquired Victory Industrial Park, a 75,000-square-foot industrial park in Norwalk, CA. The property, located at the corner of Shoemaker Avenue and Tom White Way, traded for $16 million.

“There was significant interest in the property from major institutional buyers, but we were able to acquire the property at a price point that’s far below replacement cost and land value in the Mid-Counties marketplace,” said Ryan Adjnasian, Senior Acquisition Associate at Partners Capital.

Victory Industrial Park is 100% leased and has undergone significant renovation in the past four years. Partners Capital plans to complete minor cosmetic upgrades and retain the property as a legacy asset in its portfolio under a long-term hold strategy.

Cushman & Wakefield’s Lars Platt and Don Yahn represented the seller in the transaction, while Partners Capital was self-represented.


Inside The Story

Partners CapitalRyan AdjnasianCushman & Wakefield

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition