Northmarq’s Senior Vice President Peter Hauser, based in the company’s Irvine office, worked with Shane Shafer, Matt Hauser and Jordan Hauser from the Newport Beach office to close a sale of three industrial properties located in Carlsbad, Chino and Nipomo for a combined $39.61 million. The buyer was a private family office investor based in Covina who acquired these assets off-market through an existing brokerage relationship.
The portfolio included Nipomo Self Storage which sold for $12.5 million; 32,000 square feet Class B industrial property located in Carlsbad that sold for $11.85 million; and 52,000 square feet multi-tenant industrial property situated in Chino which was purchased by the buyer at price of $15.26 million . According to Mr Hauser this transaction is expected to increase cash flow by 40%.
