SRS Real Estate Partners has arranged the $41 million sale of San Dimas Commerce Center, a multi-building light industrial park in San Dimas. The property, located at 410-490 W. Arrow Highway, consists of 19 individual light industrial buildings and was marketed to investors as a rare opportunity to acquire an infill small-bay industrial asset.
Vice president Dave Faris and executive vice president and senior managing principal Richard Schwartz of SRS Real Estate Partners represented the seller, San Dimas BP LLC, in the transaction. The buyer is described as an institutional investor with a national presence, underscoring ongoing institutional interest in small-bay industrial assets.
San Dimas Commerce Center sits on 10.54 acres and totals approximately 179,345 square feet of light industrial space. At the time of sale, the park was reported to be 90% occupied, providing an existing income stream across a diverse tenant roster.
The property is leased to more than 70 local and regional businesses, including several long-term occupants. This broad tenant base contributes to diversified cash flow for the new owner, with income spread across numerous smaller users rather than a concentrated group of large tenants.
Faris noted that San Dimas Commerce Center represents the type of infill small-bay industrial product that institutional investors actively seek but infrequently have the chance to purchase. According to his comments, the combination of location, tenant diversity, and small-bay configuration made the asset particularly attractive in the current investment sales environment for industrial properties.
He also highlighted the long-term flexibility built into the asset’s structure. Because the park is divided into 19 separate buildings, the property offers the potential to sell individual buildings to owner-users over time. That optionality was a central component of the marketing strategy executed by SRS Real Estate Partners.
The marketing effort emphasized both the existing stabilized occupancy and the ability to pursue a future sell-down strategy on a building-by-building basis. Faris indicated that investor response to the offering was strong, suggesting that the positioning of the asset and the focus on optionality resonated with prospective buyers.
With its infill location in San Dimas, a high occupancy level at closing, and a tenant mix weighted toward local and regional businesses, San Dimas Commerce Center will provide the institutional buyer with immediate income along with multiple potential long-term asset management paths. The completed sale illustrates continued demand for light industrial parks with flexible configurations and diversified tenancy.
