Bay West Equities acquired a 164,188-square-foot manufacturing, distribution and office property in Valencia, Calif.

The value of the transaction was $12.7 million.

The property is located at 29011 Commerce Center Drive and situated on 7.1 acres.

An investment group comprised of pension fund advisor Great Point Investors LLC and opportunity investor/developer Sares Regis Group was the seller.

At the time of sale, the property was 100 percent leased on a NNN basis to Bertelsmann AG, doing business as Arvato Services, which utilizes the property for its expanding fulfillment business operations.

Pat Scruggs, Craig Peters and Doug Sonderegger of CBRE represented the seller. Bay West Equities represented itself.

San Francisco-based Bay West Properties is a private real estate investment company.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're giving away 3 free ICLV tickets at Connect Now tomorrow. Register and attend live for your chance to win!REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription