Cress Capital and Brasa Capital Management have recently acquired a multi-tenant industrial property in Baldwin Park, located within the San Gabriel Valley. The 122,904-square-foot property was built in 1989 and boasts 14 tenants, including well-established occupants such as Home Depot and Goodman Distribution. At the time of closing, it was fully occupied.
According to Cress managing partner Ryan Parkin, this acquisition highlights their dedication to identifying attractive opportunities despite challenging market conditions. He also noted that the property stands out as unique small-bay product in an undersupplied market.
Matt Milich from Brasa Capital Management added that they are excited about partnering with Cress on this strategic acquisition which aligns with their investment philosophy of targeting assets with long-term growth potential.
The undisclosed seller was represented by Michael Kendall, Gian Bruno ,and Kenny Patricia from Colliers while JLL’s Jeff Sause handled financing for the buyer. The terms of the transaction were not disclosed.
