Irwindale Ave.

Acquired a 26,581 SF industrial condo in Irwindale in May 2019 in a sale-leaseback. Negotiations with the Seller/Tenant required a creative structure to secure acquisition financing because of concerns over the single-tenant lessees wherewithal. Worked with the tenant to have them vacate the property before lease expiration to achieve top market pricing. The project was repositioned in 21 months and returned a 52% levered profit.