Pacifica Commerce Center

Pacifica, CA

Address:   580 Crespi Drive

Year Built:   1980

Building SF:   48,163 SF

Acquisition Date:   December 22, 2020

Projected Hold Period:   2.5 Years


Single-story, mixed-use light industrial project consisting of two buildings, with 25 total units.
  • 94% occupancy at acquisition with staggered short-term lease expirations providing strong cash-flow and flexibility;
  • Significant upside potential through condo conversion or repositioning;
  • Upon execution of the business plan, total actual gross condominium sales exceed the pro forma by nearly 13%
  • Premier location, Pacifica is a sought after Peninsula submarket with a limited supply of competing product.

Overview - Realized Project Level Returns


Realized IRR


Equity Multiple

2.5 Years

Hold Period