Birtcher Anderson & Davis and Belay Team Up to Acquire Bellegrave Business Park

Strategic Acquisition in Jurupa Valley

In a significant move for the industrial real estate market, Birtcher Anderson & Davis Associates, Inc. (commonly known as BAD) and Belay Investment Group have finalized the acquisition of the Birtcher Business Park @ Bellegrave, a notable multi-tenant industrial complex in Jurupa Valley, California. This transaction marks a substantial addition to both firms' portfolios and reflects their commitment to expanding their presence in the Inland Empire's thriving industrial sector.

Located strategically at 10278-10250 Birtcher Drive, the rebranded park encompasses an impressive 121,320 square feet across six buildings. The property was acquired for an undisclosed sum and was represented by Cushman & Wakefield Investment Advisors' Jeff Cole and Nico Napolitano during the sale. This acquisition aligns with BAD's ongoing strategy of developing and managing quality industrial properties designed to meet the growing demand from small businesses in Southern California.

"We are enthusiastic about our latest acquisition and the potential it holds for expanding our footprint in the Inland Empire industrial market," states Daniel Karcher, President of Birtcher Anderson & Davis. He adds, "Having developed and sold over 20 industrial buildings ranging from 6,000 to 82,000 square feet in the region, we see the demand rising for properties like this one, given the limited supply of comparable projects currently available. With no competitive developments in the pipeline due to rising construction costs, we foresee sustained rental growth and high occupancy rates throughout our investment horizon."

Equally optimistic, Eliza Bailey, Co-Founder, CEO, and CIO of Belay Investment Group, shared her excitement regarding this acquisition. She mentioned, "We are thrilled to announce this new addition to our portfolio, which perfectly encapsulates our multi-tenant industrial strategy. The entry point was advantageous, being below replacement costs, and the property possesses significant value-add potential, diversifying our rent roll while being situated in one of the leading infill industrial markets in the United States."

Belay has underlined the acquisition as their sixth venture in a profitable partnership with BAD, amounting to approximately $220 million in total investments covering an impressive 1.7 million square feet of multi-tenant industrial spaces across Southern California, Texas, and Florida. According to Jake Loughridge, Managing Director of Belay, the acquisition demonstrates their continued commitment to producing favorable investment returns through collaborations with experienced partners like Birtcher.

The Bellegrave Business Park offers versatile bay sizes ranging from 500 square feet to 10,678 square feet. Each of the 24 suites is designed with grade-level loading, allowing various configurations to accommodate diverse tenant needs. Additionally, the presence of private fenced yard areas provides tenants with the opportunity for growth and expansions, aligning with the demands of small to medium-sized businesses looking to establish themselves in Southern California.

About Birtcher Anderson & Davis

Birtcher Anderson & Davis, based in San Juan Capistrano, California, is a fully integrated real estate company specializing in investment, development, and property management. The firm is focused on acquiring and managing properties that offer substantial value-add potential in high-growth markets throughout the United States.

To learn more about their projects and initiatives, visit Birtcher Anderson & Davis' website.

About Belay Investment Group

Belay Investment Group is recognized as an innovative real estate investment management firm. Their business model emphasizes establishing programmatic partnerships with specialized local operators to deliver unique investment opportunities across various real estate sectors. With a dedicated focus on leveraging exclusive market insights, Belay adeptly navigates investment opportunities on behalf of their clients, securing access to above-market returns in diverse geographies and property types. Explore more about Belay's strategies at Belay Investment Group's website.

This acquisition not only marks a new chapter for both companies but also reinforces the burgeoning landscape of industrial real estate in Jurupa Valley and beyond. As the demand for such spaces continues to grow, partnerships like those between BAD and Belay are poised to make a significant impact in the market.