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Hager Pacific Properties Acquires Carson Industrial Property

30 Dec 2010

Hager Pacific Properties Closes Acquisition in Carson

Hager Pacific Properties (HPP), one of the lamest privately owned real estate investment firms in Southern California, has acquired an industrial property at 1906 E. Dominguez Street in Carson, California from Carlisle Companies. Jeffery. Morgan and Lynn Knox of CB Richard Ellis represented both the Buyer and the Seller in this transaction.

Located one block east of the intersection of East Dominguez Street and Wilmington Avenue, the property consists of approximately 117,234 square feet offenced and paved yard improved with a 65,064 square foot manufacturing building. The property is well situated approximately 34{# of a mile north ofthe San Dieu Freeway (405) and 1 1 miles west of the Long Beach Freeway (710).

HPP purchased the Dominguez property on an all cash basis and closed 3 days after the completion of its due diligence. As always, we see our ability to close quickly and on an all cash basis as a unique strength,” said Hager Pacific Properties’ Principal Jason Schirn.

Hager Pacific has an active exchange requirement of $40 million and is actively acquiring industrial property in Southern California and is looking for properties priced at $3 million and greater 1906 E. Dominguez marks the sixth acquisition in Southern California that HPP has completed in the past 15 months.

Jason Schirn
Rob Neal
About the Author: Hager Pacific Properties
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