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229 Avenida Fabricante
SOLD

BlackHawk Property Holdings Acquires Former Glaukos Corp. HQ In San Clemente For $13.7M

229 Avenida Fabricante

Industrial
40,728 SF
clock iconSold 157 days ago
Ryan Plummer
Sean Fulp
Mark Schuessler
+ 2
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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

Ryan Plummer's profile picture
Ryan Plummer
Colliers International-image
Executive Vice President
$768.5M Sold
Sean Fulp's profile picture

Details

Deal Summary
minus icon
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.

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Address229 Avenida Fabricante

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