SOURCE: American Realty Advisors

American Realty Advisors

March 02, 2015 14:53 ET

American Realty Advisors Acquires 175,000 Square-Foot Multi-Tenant Industrial Warehouse in Santa Fe Springs, California

LOS ANGELES, CA--(Marketwired - March 02, 2015) - American Realty Advisors, an institutional real estate investment manager with more than $6 billion in assets under management, has acquired the Shoemaker Distribution Center, a 175,000 square-foot Class A industrial warehouse in Santa Fe Springs, California.

The asset, which is currently occupied by Fortune 500 Company J.B. Hunt Transport Services, as well as Altaquip LLC, Pacific Diving Academy USA, Inc., Spartech Corporation, and Sysonic USA, Inc., becomes part of American Realty Advisors' industrial portfolio, which encompasses more than 10 million square feet throughout the U.S., according to American Realty Advisors Chairman and CEO Stanley Iezman.

"American Realty Advisors continues to acquire quality commercial real estate assets in core markets on behalf of our investors," Iezman notes. "Our strength is in sourcing and acquiring office, industrial, multifamily and retail properties on which we can achieve strong current returns, while improving property values and income through strategic and active asset management."

The Shoemaker Distribution Center is 100 percent occupied in a market with just two percent vacancy at the end of the fourth quarter of 2014.

"In addition to the lack of available product in general, this market has had robust activity in the 10,000 to 60,000 square foot range, making this asset well-positioned for long term growth," continues Iezman. "A strong income-producing property, the asset is also consistent with American Realty Advisors' ongoing investment strategy to identify core assets in well located, supply constrained markets."

Shoemaker Distribution Center is situated on the border between Santa Fe Springs and Norwalk just south of I-5 Freeway, a dominant industrial market for Los Angeles. Additionally, the property specifications including, minimum 24' clear height, a ratio of 1 dock door per 4,360 sf, and a secured yard for trailer storage, make this asset Class A for this market.

"Based on this asset's strong occupancy rate and quality, as well as the lack of competitive product in the surrounding, constrained industrial market, American Realty Advisors will be able to justify an increase in rental rates to further drive yields for our investors," says Iezman.

The Shoemaker Distribution Center is located at 15050-15066 Shoemaker Avenue, Santa Fe Springs, California. American Realty Advisors represented itself in this acquisition. The seller, an entity controlled by Lincoln Property Company was represented by Barbara Emmons, Darla Longo, Rebecca Perlmutter, and Laird Perkins of CBRE.

With over $6 billion in assets under management, American Realty Advisors is an investment manager to institutional investors, and has provided real estate investment management services for over 26 years utilizing core and value-added commingled funds and separate accounts. American acquires assets directly or provides equity, preferred equity, mezzanine debt, debt and hybrid debt to primary investors and developers operating throughout the United States for office, industrial, multi-family, and retail properties. More information regarding American can be found at www.americanreal.com.

Image Available: http://www.marketwire.com/library/MwGo/2015/2/25/11G034177/Images/Shoemaker_Property_Photo-d48251f3-397e-462c-99f7-6aa50de57ebd.jpg