Aaron Snegg, Matthew Novak, Andrew Holmberg & Bahaar Sidhu Of Berkeley Partners Acquire Industrial Campus In Fullerton For $46.6M

The property asset involved in the transaction is Acacia Business Center, an industrial campus located at 1415 South Acacia Avenue in Fullerton, California. The sale price of the property was $46,600,000, which reflects a price per square foot of $230. The total square footage of the asset is 202,461, and it is situated on nearly 9 acres of land. The property is fully leased to Advanced Image Direct and is classified as Class B. This transaction signifies the buyer's entry into the Orange County market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $46,600,000
• Square Footage: 202,461
• Address: 1415 South Acacia Avenue
• Market: Fullerton
• Buyer: Aaron Snegg, Matthew Novak, Andrew Holmberg & Bahaar Sidhu - Berkeley Partners
• Seller: Luke J. Petherbridge - Link Logistics
• Price Per Square Foot: $230
• Acres: 9

Link Logistics sold the property as part of a portfolio previously acquired by Blackstone in 2019. The transaction represents a strategic move for Berkeley Partners as they expand their holdings into the Orange County area.