Turnbridge Equities, a real estate investment and development firm that uncovers commercial and industrial opportunities, announced the acquisition of Eton Industrial Park, a 205,000 square foot, multi-tenant industrial park located in the Canoga Park neighborhood of Los Angeles, for $28 million. This acquisition serves as the seed deal for Turnbridge’s newly launched investment thesis focused on acquiring and repositioning multi-tenant industrial properties throughout Southern California.
The property is 70 percent occupied, far below the submarket average of 98 percent, presenting an opportunity to stabilize occupancy. The asset features a diverse range of suite sizes, from 1,400 to 22,000 square feet, which allows for flexibility in accommodating a variety of tenants. Turnbridge plans to invest capital to enhance the property’s operations with the goal of unlocking long-term value and driving occupancy growth.
“We are excited to launch our new investment strat
