BH Properties Acquires a Portion of an Industrial Property Park for $1.57 Million

BH Properties Acquires a Portion of an Industrial Property Park for $1.57 Million

Torrance, CA – November 1, 2013 – (RealEstateRama) — BH Properties LLC, a Los Angeles-based commercial real estate investment firm, has acquired three industrial buildings totaling 32,602-square-feet in an industrial park located in the Bankside Business Center at 36405, 36555 Bankside and 36605 Sunair in Cathedral City, Calif.

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“This property was a perfect fit in our investment strategy, because of its prime location in Riverside County and Coachella Valley,” said Steve Jaffe, executive vice president of BH Properties. “While the complex is in fairly good condition already, we plan to make some improvements and will be prepared to market the property for the new year.”

Currently, the property is 35 percent leased and includes a well-known regional taxi company and a window cleaning product distributor. The building is just off Highway 111 in the Riverside/Coachella Valley region.

Since January, BH Properties has been active in the Southern California region, with recent acquisitions totaling 199,440-square-feet of office space in both Riverside and Redlands, Calif.

BH Properties purchased the property through Auction.com.

About BH Properties, LLC
Founded in 1997, BH Properties is a Los Angeles-based commercial real estate investment company that focuses primarily on troubled assets in the industrial, multi-family, office and retail markets. With regional offices in Dallas and Salt Lake City, BH Properties has developed its own distinctive acquisition strategies in 18 states and become one of the repositioning experts in its core markets including California, Arizona, Nevada, Utah, Colorado, Texas, and Oklahoma. For more information, please call (310) 820-8888 or visit www.bhproperties.com

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