Dallas Investor Pays $65M in OC’s Biggest Industrial Deal of Year

Dalfen Industrial acquires 9-acre parcel in Anaheim’s Tile Mile

A Dallas-based real estate investor has gained entree to Orange County in a big way.

Dalfen Industrial acquired two adjoining industrial buildings on nine acres of land for a combined $65 million.  In news first reported by the Orange County Business Journal, the trade was the largest industrial sale in Orange County for 2023, and the fifth-priciest sale in Orange County since 2021.

The seller was JPMorgan Chase & Co. CBRE Group Inc. held the listings for the building, together nicknamed The Mart, located at 1340 S. State College Blvd. and 2000 – 2050 E. Winston Rd.

Located in Anaheim’s Tile Mile district, an enclave known for warehouses and shops dealing in tiles and stones, the two buildings comprise 182,000 square feet in a deal that pencils out to $356 per square feet. The buildings are 100 percent leased, according to CBRE’s marketing materials. The larger building, which runs 102,800-square-feet, features tenants such as Esmer Tile, American Tile & Marble Design and Westminster Teak. The smaller building, which runs 80,000 -square-feet, has two tenants– a company named Jon Don and Lunada Bay Corp. Both properties were built in 1997.

https://therealdeal.com/la/2023/07/14/dallas-investor-pays-65m-in-ocs-biggest-industrial-deal-of-year/

 

Dalfen in the News

May 08, 2024
CORPORATE INSIGHTS

Dalfen Picks Up 5 IOS Assets on the West Coast

Read More
Apr 16, 2024
CORPORATE INSIGHTS

Dalfen Industrial Wins Kingsley Commercial Elite 5 Award for Property Management Excellence

Read More
Feb 08, 2024
CORPORATE INSIGHTS

Rare Industrial Property in Kent Valley Sells for Over $5M

Read More