Case Study: Industrial - California

Diaz Business Park

Five concrete tilt-up industrial buildings totaling 66,102 square feet in Temecula, CA purchased in December 2020 for $8,150,000 ($123 per square foot) in an off-market transaction.

Dunbar worked with the City of Temecula to put a condo map on the project and sold all the individual buildings to a combination of owner users and investors within the first year of ownership. The average per square foot sale price was approximately $180.

Size

66,102 SF
5-buildings

Transaction Details

Off-market

Acquisition

$8,150,000
December 2020

Disposition

$180 per square foot
October 2021

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Sunset Cliffs Apartments