Cress Capital Plans SoCal Portfolio Expansion
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“Cress is particularly attracted to investments with attributes such as deferred maintenance, ground leases, environmental contamination and other repositioning opportunities.”
PERRIS, CA—GlobeSt.com has exclusively learned that Cress Capital LLC , a Newport Beach-based investor, in conjunction with PacVentures Inc., it has acquired a 30-acre property including two industrial buildings. The buildings total 310,000 square feet, as well as a 10-acre excess land parcel for approximately $11.3 million.
Located at 3411 N. Perris Blvd. in Perris, CA, each of the two buildings are occupied by a single tenant on a long term lease. The transaction was negotiated directly between Cress Capital and the seller.
“This investment underscores Cress Capital’s value-oriented approach and ability to source off-market transactions in an increasingly competitive market,” according to Ryan Parkin, managing partner with Cress Capital…
