Jadian Capital Acquires Alcalde Business Center In Laguna Hills For $14.1M With CBRE Brokers

The Alcalde Business Center, located at 23151 Alcalde Drive in Laguna Hills, California, is an industrial asset that encompasses 37,318 square feet. The property has been acquired for a transaction amount of $14,100,000, translating to a price per square foot of $378. The asset is currently 94% leased and consists of three buildings designed to cater to small tenants within a market experiencing limited new supply and rising vacancy rates.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,100,000
• Sale Price per Square Foot: $378
• Square Footage: 37,318
• Address: 23151 Alcalde Drive
• Market: Laguna Hills, CA
• Buyer: Jarret Cohen - Jadian Capital
• Brokers: Jeff Carr, Anthony DeLorenzo & Mark Shaffer - CBRE

This transaction was brokered by CBRE and reflects the ongoing interest from investors in small-bay industrial properties situated in infill locations in South Orange County. Jadian Capital’s approach focuses on the expectation of rent growth, driven by constrained development and steady demand in the region.