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SOUTHERN CALIFORNIA NEWS
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Covina Investor Spends $39.6 Mil on Trio of SoCal Industrial Properties

4/27/23

A Covina-based private investor purchased three SoCal industrial assets in deals totaling $39.6 mil. The properties are in Carlsbad, Chino and Nipomo.

One of the properties was Nipomo Self Storage, a self-storage facility, located at 542 Lindon Lane in Nipomo, just north of Santa Maria off of Hwy 101. The property sold for $12.5 mil. Nipomo Self Storage consists of a mini storage facility, RV storage, industrial park, and additional land to build. The facility’s amenities include climate-control, indoor and outdoor units, drive-up access, RV parking, security cameras, and an on-site manager.

2070 Las Palmas Dr, Carlsbad
2070 Las Palmas Dr, Carlsbad
One of the other properties to trade was a Class B industrial asset located at 2070 Las Palmas Dr in Carlsbad. Built in 1983, the property sold for $11.85 mil. The warehouse totals 32k sf and features ceiling heights up to 22 feet, one dock-door, and one drive-in door.

The third property acquired was a 52k sf, multi-tenant industrial property located at 14055 Laurelwood Place in Chino, which fetched $15.26 mil. The property, built in 1981, is situated on approximately two acres.

Northmarq’s Peter Hauser, Shane Shafer, Matt Hauser and Jordan Hauser represented the buyer in the acquisitions.





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