Rancho De Los Cazadores Acquires Industrial And Retail Portfolio For $15.5M In MidCounties

Rancho De Los Cazadores acquired a three-property retail and industrial portfolio located at 16211-16217 Heron Avenue, 1268 South Grand Avenue, and 1821 North Tustin Street for $15.5 million. The portfolio comprises a total of 36,441 square feet across the markets of La Mirada, Santa Ana, and Orange, with a price per square foot of $425.

Summary of transaction details:

• Property Type: Industrial & Retail
• Transaction Amount: $15,500,000
• Square Footage: 36,441
• Price per Square Foot: $425
• Buyer: Rancho De Los Cazadores
• Broker: Chuck Wilson - Colliers
• Acquisition Strategy: Part of a 1031 exchange and regional expansion

Chuck Wilson of Colliers represented Rancho De Los Cazadores in this transaction, which involved the purchase of fully leased assets. The acquisition reflects the buyer's strategic efforts to enhance their presence in the area.