#United States #Irwindale #Birtcher Anderson #Belay Investment #Foothill Business

Strategic Sale of Foothill Business Park

An Overview of a Significant Transaction
In a noteworthy deal that exemplifies the robust demand for industrial spaces in Southern California, Birtcher Anderson & Davis Associates (BAD) and Belay Investment Group have successfully sold the Foothill Business Park located in Irwindale, California, for an impressive $7.425 million. This multi-tenant industrial property spans 30,907 square feet and comprises ten individual suites, along with a cell tower leased to a major national cellular provider.

This sale concludes the final transaction of a Southern California industrial asset portfolio initially acquired in 2020 through a strategic partnership between BAD and Belay. The property was fully leased at the time of sale, showcasing BAD’s capability to identify and manage high-value commercial real estate properties effectively.

Industry Insights and Market Demand
The primary driving force behind this sale is the increasing market demand for small business-oriented industrial spaces in Southern California. Daniel Karcher, the President of BAD, expressed his elation at the successful transaction, noting, "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.” This statement underlines the firm’s operational excellence and strategic investment approach in the competitive real estate landscape.

Eliza Bailey, Co-Founder, CEO, and CIO of Belay, indicated that the completion of this sale marks the eighth and final disposition from their momentum-driven Southern California Industrial portfolio. The partnership experienced a high performance throughout this portfolio, emphasizing the dedication of their operational teams.

Strategic Management and Revenue Generation
BAD's management strategy played a pivotal role in maintaining 100% occupancy throughout their ownership of Foothill Business Park. This proactive management approach not only enhanced the property’s value but also ensured significant returns on investment for both BAD and Belay. The inclusion of a cell tower on the property introduced an additional steady revenue stream, further fortifying the asset’s overall financial performance.

A Milestone in BAD’s Portfolio Management
The successful sale of Foothill Business Park not only represents a solid exit for BAD and Belay but also signifies a pivotal achievement in BAD's ongoing commitment to enhancing their value-add investment strategy. This transaction highlights BAD's capacity for operational excellence and strategic foresight within the commercial real estate sector.

BAD remains focused on identifying new investment opportunities in states like California, Texas, and Florida, targeting properties that are specifically designed to cater to the needs of small businesses. Their unique approach has become integral in positioning them for future successes in the ever-evolving commercial real estate market.

About the Companies
Birtcher Anderson & Davis Associates, headquartered in San Juan Capistrano, CA, is a privately-owned firm specializing in real estate investment, development, and property management. Their model emphasizes the acquisition of middle-market, multi-tenant warehouse, and light industrial properties in high-growth areas across the U.S.

Belay Investment Group, on the other hand, focuses on institutional investment management within the small and middle-market real estate segments, particularly through partnerships with skilled local operators. Their approach offers clients tailored investment solutions that span various property types and risk levels.

For more information, visit Birtcher Anderson & Davis and Belay Investment Group.