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