Staley Point Capital, a value-add investor focused on industrial properties in Southern California, and Bain Capital Real Estate, the real estate investing business of Bain Capital, announced the off-market acquisition of a 100,000-square-foot industrial property in Brea, Calif., for approximately $21 million. The seller was not disclosed.
“Given the supply barriers to entry and the strong demographics, we hope that this is the first of several transactions in Orange County,” said Eric Staley, managing director of Staley Point.
The property is located at 331 Cliffwood in the North Orange County submarket, with convenient access to the rest of the county via the 57 freeway. The asset has 22-foot clear height, four dock-high positions and is 100 percent leased with five years of term.
The transaction marks the fourth deal completed by Staley Point and Bain Capital Real Estate. It follows the recently announced purchase of a 58,000-square-foot industrial proper
