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

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.