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INLAND EMPIRE NEWS
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Chase Partners Acquires Industrial Properties in Ontario and Oxnard

6/24/21

Chase Partners recently acquired two SoCal industrial properties as part of its Logistics Fund I. One of the properties is a 25k sf industrial warehouse located at 1893 S. Lake, in an infill submarket of Ontario, acquired for $4.396 mil ($176/sf). The second property, acquired for $2.499 mil, is a 13.k sf ($192/sf) industrial building located at 1445 Stellar Dr in Oxnard.

Chase Partners launched its Logistics Fund I in 2021. The $100 mil fund will acquire Southern California industrial properties in strong submarkets priced at discounts to new development and implement value-add strategies to increase cash flow and appreciation.

“These acquisitions are exactly the properties that we are targeting. We want strong rental rate growth and proximity to supply chain-centric areas with a high barrier to entry,” said Mark Panattoni, managing director, Chase Partners.

The Ontario property is leased to Dee Engineering, a leading worldwide distributor of performance components for automotive, aerospace and logistics industries among others. The Oxnard property is 100% occupied by Duverger, a leading manufacturer of all-natural French macarons.

Sid Osborn of Cushman & Wakefield represented the seller on the 1893 Lake transaction, while Robert Stover of NAI Capital Commercial represented Chase Partners. In the other deal, Jeff Abraham of Newmark repped the seller on the 1445 Stellar Drive transaction, while Chase Partners was represented by Jeff Abraham of Newmark.





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