Highland Industrial Park

Acquired a 310,000 sq/ft Industrial Park in June 2016 which is 19 acres with a loan from Wells Fargo Real Estate division. Since the acquisition the property has undergone significant improvements including a complete new stucco façade, 60 ml roof overlay on all buildings, LED lighting throughout the complex, 190 units of self storage , 60 ft pylon sign on the freeway, security gates, cameras  and new asphalt overlay. All of these improvements have been accomplished within a 2 year cycle.

This property was acquired at occupancy rate of 76% and average lease rate of 42 cents. In less than 18 months, through vigorous leasing activity the occupancy rate reached 96% with 55 cents/ft average lease rate. The property has won VIP awards twice in a row.