Ares Management Corporation Acquires Industrial Property In Fullerton, CA For $61M

CBRE negotiated the sale of an industrial property located at 801 S Acacia Ave in Fullerton, CA. The property sits on an 8.38-acre land parcel and consists of three industrial buildings totaling 155,000 square feet. The sale price for this transaction was $61,035,000, resulting in a price per square foot of $167. The buyer of the property is Ares Management Corporation, while the seller is B & K Investment Company. CBRE represented the seller in this deal through their agents Sean Ward, Ben Seybold, and Keith Greer.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $61,035,000
• Address: 801 S Acacia Ave, Fullerton, CA
• Market: Fullerton, CA
• Total Square Feet: 365,033
• Price per Square Foot: $167

This transaction presents ample redevelopment opportunities for the buyer while also addressing the strong demand for industrial space in Orange County. The existing tenant will continue to occupy the properties for the time being, aligning with the robust leasing and sales activity in the area. This sale contributes to meeting the market's need for additional industrial space in Fullerton.