A joint venture partnership of RanchHarbor and Manhattan West Real Estate recently acquired a .79‐acre value-add industrial property in Signal Hill in an off-market transaction. The price was undisclosed but the JV purchased the asset substantially below replacement cost and at a desirable basis.
The property consists of two single-tenant industrial buildings. Each building has one dock-high door and one grade-level door; the latter in high demand for tenants in this size range.
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