Birtcher Anderson & Davis Associates (BA&D) and Belay Investment Group announced the $7.4 million sale of Foothill Business Park, a 30,907 square-foot multi-tenant industrial property in Irwindale, California.
The sale marks the final transaction involving the Southern California industrial asset portfolio acquired by the companies in 2020. The property was fully leased at the time of sale and encompasses 10 individual suites and a cell tower leased to a major national cellular provider. The identity of the buyer was not disclosed.
“We’re thrilled to announce the successful sale of Foothill Business Park, a testament to the strength of the Southern California small business leasing market!” said Daniel Karcher, BA&D president. “Selling a 100% leased, 30,907 square foot property for $7,425,000 is a fantastic result, and it showcases the value Birtcher Anderson & Davis brings to its investments.”
“The sale of Foothill Business Park marks the eighth and final disposition from our SoCal Industrial portfolio and Belay is thrilled with the strong overall performance of the portfolio,” added Eliza Bailey, co-founder, CEO and chief investment officer at Belay. “We value the hard work of our partners at Birtcher and look forward to working alongside them on future investments.”
