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6/14/21
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In a recent OC industrial buy, Elk River Capital, based out of Steamboat Springs, CO, paid $11.7 mil for a 49.5k sf ($236/sf), freestanding industrial building on 2.87 acres of land in Santa Ana. The property, located at 2249 South Yale St, was sold by JP California Property Management LLC.
Elk River Capital is a multi-million dollar closed-end investment fund that focuses on the buying, operating, and selling of cannabis related properties and businesses with the potential to boost returns with the use of lower cost non-recourse debt for targeted properties. They purchased this site as an investment property.
Jeff Saywitz and Greg Velastegui with Voit Real Estate Services represented the buyer in the transaction. The seller was repped by Joseph Muljana of Prestige Realty Group Inc.
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