Staley Point, Bain Capital Offload Buena Park Industrial Duo

Staley Point Capital and Bain Capital Real Estate closed the $53.3-million sale of two assets totaling 183,000 square feet and located at 5530 Beach Blvd. and 5609 River Way in Buena Park. The assets were acquired in March 2022 for $41 million and the sale represents the joint venture’s fifth disposition over the past 24 months for a combined $231 million.

The two assets were sold to a consumer products business that will benefit from the properties’ frontage on Beach Boulevard and their proximity to local consumers, amenities and major freeways. Buena Park is situated at the intersection of Los Angeles and Orange County, two of the country’s most supply-constrained markets.

“This transaction demonstrates the success of well-located, high-quality assets and reflects our ability to deliver for our investors across cycles,” said Eric Staley, managing partner, Staley Point. “Orange County remains one of the tightest industrial markets in the country as a result of a structural supply-demand imbalance and we will continue to seek out attractive acquisition opportunities as part of our infill industrial strategy.”