{"id":1004229814,"date":"2018-05-16T03:21:35","date_gmt":"2018-05-16T11:21:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004229814"},"modified":"2022-12-08T07:36:17","modified_gmt":"2022-12-08T15:36:17","slug":"pacific-industrial-acquires-oc-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pacific-industrial-acquires-oc-industrial-facility\/","title":{"rendered":"Pacific Industrial Acquires OC Industrial Facility"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004229838\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/06-2465-Aerial-3030-and-3080-Airway-Ave.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004229838\" data-attachment-id=\"1004229838\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pacific-industrial-acquires-oc-industrial-facility\/06-2465-aerial-3030-and-3080-airway-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/06-2465-Aerial-3030-and-3080-Airway-Ave.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"06-2465 Aerial 3030 and 3080 Airway Ave\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aerial of 3030 and 3080 Airway Ave., Cosa Mesa, Calif. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/06-2465-Aerial-3030-and-3080-Airway-Ave.jpg?w=800\" class=\"wp-image-1004229838 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/06-2465-Aerial-3030-and-3080-Airway-Ave.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/06-2465-Aerial-3030-and-3080-Airway-Ave.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/06-2465-Aerial-3030-and-3080-Airway-Ave.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/06-2465-Aerial-3030-and-3080-Airway-Ave.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004229838\" class=\"wp-caption-text\">Aerial of 3030 and 3080 Airway Ave., Cosa Mesa, Calif.<\/p><\/div>\n<p>Pacific Industrial has acquired a two-building industrial property adjacent to John Wayne Airport in Costa Mesa, Calif. The firm purchased the asset for $33 million from 3030 &amp; 3080 Airway LLC, and closed on the deal with one of its institutional partners, a private equity fund advised by Crow Holdings Capital. Voit Real Estate Services represented Pacific Industrial in the off-market transaction.<\/p>\n<p>Located at 3030 and 3080 Airway Ave., the facility totals 157,204 square feet. One of the buildings is the current U.S. headquarters of Australian designer, manufacturer and retailer of surfing sportswear, RipCurl. The second building was vacated by Karma, creating a value-add opportunity in the market.\u00a0The firm will implement a capital improvements plan to update both the interior and exterior of the vacant building. This will include brand new office space, 24 HVAC units, a new 15-year roof and the addition of employee amenities.<\/p>\n<p><em>&#8220;This investment is perfectly aligned with our company\u2019s ongoing strategy to acquire irreplaceable assets in exceptionally well-located pockets that will attract a wide variety of users,\u201d<\/em> said Dan Floriani, co-founder of Pacific Industrial, in a prepared statement.<\/p>\n<p>Voit Real Estate Services&#8217; Executive Vice President Trent Walker and Senior Vice President Carl Johnson represented the buyer. Last October, Voit <a href=\"https:\/\/www.commercialsearch.com\/news\/prologis-sells-iconic-san-diego-asset\/\">facilitated the sale of Sante Fe Depot<\/a>, a 102-year-old landmark in downtown San Diego, previously owned by Prologis Inc.<\/p>\n<p><em>Image courtesy of Pacific Industrial\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voit Real Estate Services represented the buyer in the off-market purchase of the two-building, 157,204-square-foot property adjacent to John Wayne Airport in Costa Mesa. <\/p>\n","protected":false},"author":746,"featured_media":1004229838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,34267,15],"tags":[35422,40374,32833],"class_list":["post-1004229814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-orange-county","category-west","tag-crow-holdings-capital-real-estate","tag-trent-walker","tag-voit-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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