Pac West Equities, Buzz Oates acquires Bay Area industrial assets for $44m

Pac West Equities and an affiliate of Buzz Oates have acquired two industrial assets in the San Francisco Bay Area for a total of $44.5 million. The properties, located at 75 & 89 South Kelly Road in American Canyon, have a combined size of 266,729 square feet and are fully leased.

JLL represented the confidential seller and procured the buyer.

These two high-quality, triple-net leased industrial warehouses are on 12.85 acres, spanning two parcels. The building features include 25- to 30-foot clear heights, concrete tilt-up construction, ESFR sprinklers, ample auto parking and a combined 24 dock-high doors and four grade-level doors. 89 S. Kelly Road is 100 percent master leased to Dynacraft, BSC Inc. – the largest privately held distributor of wheeled goods. 75 S. Kelly Road is subleased to Valley Wine Warehouse, a local Napa third-party logistics provider.

75 & 89 S. Kelly Road are situated along the State Route 29 in Napa County. The property is wit