SOLD
BlackHawk Property Holdings Acquires Former Glaukos Corp. HQ In San Clemente For $13.7M
229 Avenida Fabricante
Industrial
40,728 SF
40,728 SF
Sold 136 days ago
Summary
Sale
CALIFORNIA
Industrial
40,728 sqft
The former Glaukos Corp. headquarters in San Clemente, totaling 40,728 square feet, was sold for $13.7 million to BlackHawk Property Holdings in a competitive deal facilitated by Colliers. The property is an industrial asset located at 229 Avenida Fabricante. It is fully leased to Glaukos until 2030 and was acquired by the buyer through a 1031 exchange. The buyer, BlackHawk Property Holdings, is represented by Tilden Smith. The sellers, Excelsior Partners LLC and Marcus Adams Properties LLC, are represented by Casey D. Adams, Craig Marcus, Mark Schuessler, Ryan Plummer, and Sean Fulp.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,700,000
- Address: 229 Avenida Fabricante
- Market: San Clemente
Gavin Denniston from Daum Commercial Real Estate Services represented BlackHawk Property Holdings as the buyer's representative. Mark Schuessler, Ryan Plummer, and Sean Fulp from Colliers International represented Excelsior Partners LLC and Marcus Adams Properties LLC as the seller's representatives. The deal was finalized on December 18, 2023. The property was purchased as a safe investment, and the buyer has no plans for renovations.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Casey D. Adams, Mark Schuessler, Ryan Plummer, Gavin Denniston & Sean Fulp
DATE: 12/18/2023
ADDRESS: 229 Avenida Fabricante
MARKET: San Clemente
ASSET TYPE: Industrial
BUYER: BlackHawk Property Holdings - Tilden Smith
SELLER: Excelsior Partners LLC - Casey D. Adams; Marcus Adams Properties LLC - Craig Marcus
BUYER'S REP: Gavin Denniston - Daum Commercial Real Estate Services (@DaumCommercialRealEstate)
SELLER'S REP: Mark Schuessler (@MarkSchuess), Ryan Plummer (@RyanOPlum) & Sean Fulp (@SeanaFulp) - Colliers International (@ColliersInternational)
SALE PRICE: $13,700,000
SF: 40,728 ~ PPSF: $336
NOTE: The former Glaukos Corp. headquarters in San Clemente, totaling 40,728 square feet, was sold for $13.7 million to BlackHawk Property Holdings in a competitive deal facilitated by Colliers. The property, now a safe investment, is fully leased to Glaukos until 2030, with the buyer having no plans for renovations after acquiring it through a 1031 exchange.View on map
Loading...
Address229 Avenida Fabricante
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want