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Walker & Dunlop Investment Partners (WDIP) recently closed an $18 million JV equity investment, in partnership with Oak Park Investments, to acquire 1851 California, a 223,801-square-foot industrial asset in Corona, California.
Situated on 10 acres, the property is fully leased to a Fortune 10 company under a sale-leaseback structure. The institutional-quality asset offers I-15 freeway visibility, 2,000 amps of power, and a fully air-conditioned warehouse in a highly supply-constrained Inland Empire location.
The investment is part of WDIP Fund VII, which is now 65% committed and is expected to be fully committed by year-end.
DISCLAIMER: This communication is for informational purposes only and intended for our non-advisory investment sponsor or borrower clients only. Nothing herein is an offer or solicitation for the purchase or sale of any security. Real estate debt and equity investments involve risk of loss. Program terms are subject to change.