Pacific Industrial Acquires Prime 157,204-SF Industrial Property in Affluent Costa Mesa, CA Market

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Costa Mesa, CA Industrial Property

Trent Walker

Orange County, CA – Pacific Industrial, one of the most active privately held industrial development and investment firms in Southern California, has completed the strategic acquisition of a 157,204 square-foot, two-building industrial property situated immediately adjacent to John Wayne Airport in Costa Mesa, California for approximately $33 million.

Pacific Industrial closed on this property with one of its key institutional partners, a private equity fund advised by Crow Holdings Capital.

Trent Walker, an Executive Vice President with Voit Real Estate Services, represented Pacific Industrial as the buyer in the off-market acquisition.

Dan Floriani, Co-Founder of Pacific Industrial explains, "This investment is perfectly aligned with our company’s ongoing strategy to acquire irreplaceable assets in exceptionally well located pockets that will attract a wide variety of users.”

Dan Floriani

The property is well positioned for value creation, according to Floriani, who points to its direct frontage on the Orange County airport, easy access to several freeways, and location in a highly affluent pocket of the Orange County Airport submarket as factors that made the asset an ideal target for his firm, and for future tenants.

One of the property’s buildings is home to the U.S. headquarters of RipCurl, a major Australian designer, manufacturer, and retailer of surfing sportswear. The second building was recently vacated by Karma, offering the opportunity for a valuable renovation and repositioning in the market, according to Floriani.

For more information, please contact:

Jordan Kruk/Jenn Quader

Brower Group

(949) 955-7940

jkruk@brower-group.com

www.voitco.com.  

www.Pac-Industrial.com