{"id":1004571822,"date":"2022-03-15T03:49:44","date_gmt":"2022-03-15T11:49:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004571822"},"modified":"2022-12-08T09:18:15","modified_gmt":"2022-12-08T17:18:15","slug":"staley-point-jv-buys-2-orange-county-industrial-assets-for-41m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/staley-point-jv-buys-2-orange-county-industrial-assets-for-41m\/","title":{"rendered":"Staley Point JV Buys 2 Orange County Industrial Assets for $41M"},"content":{"rendered":"
\"\"<\/a>

5530 Beach Blvd.<\/p><\/div>\n

A joint venture between Staley Point<\/strong> and Bain Capital Real Estate<\/strong> has acquired 5530 Beach and 5609 River, two industrial buildings totaling 166,066 square feet on 9.2 acres in Buena Park, Calif., for a combined total of $41 million, in an off-market transaction.<\/p>\n

Mesa West Capital<\/strong> provided a $32.4 million acquisition loan, according to public records. JLL<\/strong> arranged the loan on behalf of the buyer while also representing the seller, Alticor<\/strong>, in the transaction. Winston & Strawn<\/strong> was the buyer\u2019s legal counsel. The properties have been leased back to the seller.<\/p>\n

Asset details<\/h2>\n

Built in 1988, the property at 5609 River Way is LEED Silver certified and features a total of 597 parking spaces, with a parking ratio of 1.2 spaces per 1,000 square feet, according to CommercialEdge data.<\/p>\n

Located at 5530 Beach Blvd., the second property offers 32,487 square feet of office space, used as a general office by Alticor. A total of 140 grade-level parking spaces, accounting for 4.3 spaces per 1,000 square feet, are also available, according to CommercialEdge data.<\/p>\n

This is Staley Point\u2019s fourth Orange County investment in the past year. In January, the joint venture also acquired a 159,962-square-foot industrial facility<\/a> in Santa Fe Springs, Calif., for $35 million and a 97,000-square-foot distribution center in the City of Industry, Calif., for $22 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

As part of the sale-leaseback deal, the seller will continue to occupy the property.<\/p>\n","protected":false},"author":3142,"featured_media":1004571823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21783,1594,21742,15],"tags":[45194,32796,33240],"class_list":["post-1004571822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-investment","category-los-angeles","category-latest","category-west","tag-bain-capital-real-estate","tag-jll","tag-mesa-west-capital"],"acf":[],"yoast_head":"\nStaley Point JV Buys 2 Orange County Industrial Assets for $41M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A partnership between Staley Point and Bain Capital Real Estate has bought 5530 Beach and 5609 River, two industrial assets, from Alticor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/staley-point-jv-buys-2-orange-county-industrial-assets-for-41m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Staley Point JV Buys 2 Orange County Industrial Assets for $41M\" \/>\n<meta property=\"og:description\" content=\"A partnership between Staley Point and Bain Capital Real Estate has bought 5530 Beach and 5609 River, two industrial assets, from Alticor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/staley-point-jv-buys-2-orange-county-industrial-assets-for-41m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-15T11:49:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:18:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/5530-Beach-e1647273007124.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/staley-point-jv-buys-2-orange-county-industrial-assets-for-41m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/staley-point-jv-buys-2-orange-county-industrial-assets-for-41m\/\",\"name\":\"Staley Point JV Buys 2 Orange County Industrial Assets for $41M - 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