Los Angeles (LA)-based real estate investment firm Staley Point Capital today announced the acquisition of Prairie, an infill industrial property in the West San Fernando Valley submarket of North LA.
Under the deal, Staley Point Capital paid $9 million to an undisclosed seller to purchase the 42,000 square-foot (SF) asset, which is 100 percent leased to Roberts Tool Co.
Additionally, the institutional-quality building has a 20-foot clear height with two dock-high loading docks and over 2,200 amperes of power.
Recently, Staley Point Capital and Bain Capital Real Estate joint venture had acquired 11804 Wakeman Street, a 55,000 SF industrial infill property in Santa Fe Springs, California for $12.8 million