Staley Point Capital and Bain Capital Real Estate have sold two assets totaling 183,000 square feet on 9.2 acres located at 5530 Beach Blvd. and 5609 River Way in Buena Park, Calif.
The sales price was $53.3 million.
The two assets were sold to a consumer products business that will benefit from the properties’ frontage on Beach Blvd. and the proximity to local consumers, amenities and major freeways. Buena Park is a highly sought-after submarket at the intersection of Los Angeles and Orange County, two of the most supply-constrained markets in the country.
“This transaction demonstrates the success of well-located, high-quality assets and reflects our ability to deliver for our investors across cycles,” said Eric Staley, managing partner, Staley Point. “Orange County remains one of the tightest industrial markets in the country as a result of a structural supply/demand imbalance, and we will continue to seek out attractive acquisition opportunities as p
