Address: 17100 South Harlan Road
Year Built: 1985 & 1989
Building SF: 417,600 SF
Purchase Price: $21 million
Closing Date: November 16, 2017
Projected Hold Period: 2.5 years
Acquired vacant warehouse building at roughly half of replacement cost in a market with sub 5% vacancy.
- Completed multi-million dollar repositioning of the project that included new roof, skylights, under roof deck scrim, LED lighting, exterior and interior paint, skylights, improved office space and restrooms, repaving of existing driveway and parking lot, new paving to increase loading area, upgraded fire pump and suppression system
- Subdividing property to enable the disposition of excess land.