Properties for Sale

Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Enclave @ Carpinteria ("Enclave," the "Property" or "Project"), a three-building advanced manufacturing and office/flex campus totaling 121,230 square feet across 9.47 acres fronting the Pacific Ocean in Carpinteria, California. Enclave represents an extremely rare opportunity to acquire a large-scale coastal campus offering institutional-quality improvements, flexible R&D and advanced manufacturing functionality, substantial electrical infrastructure and immediate access to Highway 101. More than $15 million was invested in tenant build-outs between 2014 and 2020, with additional capital invested in subsequent years. The Property supports a broad range of sophisticated users across engineering, aerospace and defense, medical devices, life sciences, technology and other innovation-driven industries, while its multi-building configuration allows multiple functions to be consolidated within a single controlled environment. Although the Property is currently 100% leased, Continental AG is expected to vacate and Procore Technologies is anticipated to downsize its occupancy footprint, creating near-term flexibility for an owner/user, opportunistic investor or developer to pursue occupancy, re-leasing, repositioning or longer-term redevelopment strategies. Enclave is strategically located along the Santa Barbara South Coast innovation corridor, connecting Carpinteria with Santa Barbara, Goleta and UC Santa Barbara. The region has developed into an increasingly important concentration of technology, aerospace and defense, quantum computing, photonics, medical technology and advanced engineering companies, supported by UCSB's world-class research ecosystem and highly educated workforce. In addition to its near-term value as an R&D and advanced manufacturing campus, the Property may offer meaningful long-term redevelopment optionality. Enclave's M-RP zoning permits mixed residential/industrial development through the applicable approval process, creating the potential to evaluate a complementary residential component while retaining an employment-oriented primary use. Enclave @ Carpinteria offers a generational opportunity to acquire a highly improved coastal campus within one of Southern California's most supply-constrained markets. The combination of scale, existing improvements, specialized infrastructure and proximity to the Santa Barbara South Coast innovation ecosystem creates a highly differentiated asset with few true substitutes anywhere in Southern California.

Colliers is pleased to present the opportunity to acquire the fee-simple interest in Griffith Business Park, a ±9.74-acre, 181,459-square-foot business park in Glendale, CA. The Property is one of the largest contiguous infill sites to come to market in the LA North industrial market in over a decade. Positioned at the intersection of Glendale, Burbank, and North Hollywood, the Property sits at the geographic center of Los Angeles’ Entertainment corridor, adjacent to Disney, DreamWorks, Warner Bros., and NBC Universal, with direct access to both the I-5 and SR-134 freeways. The nine-building campus includes 67 loading doors and 270 parking stalls, and the underlying 9.74-acre site is zoned IMU (Industrial/Commercial Mixed Use). The Property offers rare optionality across four distinct, independently executable business plans: (i) a lease-up of the existing multi-building campus; (ii) execution of the fully approved ±406,318 SF studio entitlement, comprising three production buildings, ten soundstages, and a 533-space parking structure; (iii) full-parcel industrial redevelopment of up to ±205,660 SF; or (iv) subdivision of the project into separate parcels. The opportunity is underpinned by best-in-region submarket fundamentals for industrial. Vacancy in the East San Fernando Valley portion of the LA North industrial market stands at 3.8%, making it one of the tightest markets in the Western United States. Griffith Business Park represents a generational opportunity to acquire institutional-scale real estate with flexible execution paths in one of the highest barrier-to-entry markets in the Western United States.

Colliers is pleased to present the opportunity to acquire the fee simple interest in South Bay Trade Center, a 38,152-square-foot small bay industrial complex consisting of five freestanding buildings with direct access to the I-110, I-105, and I-405 in Carson, California. Located at 401-409 E Gardena Blvd in the globally desired South Bay submarket of Los Angeles, the Property is currently 70% leased, with in-place rents 15% below market, which presents an exceptional value-add opportunity for a new owner to acquire the asset at an attractive basis with significant upside. Ideally situated in the heart of the South Bay, one of the leading industrial submarkets in the world, the Property is highly attractive to logistics-focused companies due to its access to a deep labor pool and diverse population base. Its proximity to major Southern California commercial hubs and distribution channels, including the #1 container port in North America for over two decades, offers significant cost advantages, including lower transportation costs and shorter delivery times. The Carson industrial submarket, within this region, has experienced a 49.6% increase in asking rents since 2021 and a recent decline in vacancy towards its historical sub-3% trend, reflecting the insatiable industrial tenant demand in the area. The Property, which offers ample loading and efficient design, presents embedded upside with in-place rents well below market, as investors can immediately enhance value and capture sizeable interest from the high concentration of companies oriented toward last-mile delivery in the South Bay. Multi-tenant, small bay industrial centers, in particular, present a compelling investment opportunity due to their high demand from small to mid-sized businesses seeking warehousing, light manufacturing, and service-oriented spaces, as the e-commerce boom and shifts in consumer behavior have significantly increased the need for these flexible and cost-effective properties. With limited developable land, elevated tenant demand, and a declining vacancy rate placing upward pressure on rental rates in the submarket, South Bay Trade Center is strategically positioned to attract significant tenant interest and reset rents to market rate, offering substantial upside potential.