705 N. Baldwin Park Boulevard, City of Industry, CA
Property Details
184,778 Square Feet
7.96 Acres
Complex Deal Structure:
Initial acquisition included fee-simple interest of Building B (back building) and a leasehold estate in the land underneath Building A (front building), which was encumbered by a long-term ground lease.
Baldwin Park
Complex Deal Structure / Environmental Mitigation / Ground Lease Termination
Environmental Mitigation:
West Harbor was able mitigate the risk associated with an active environmental investigation. Risk mitigation measures included quantifying potential outcomes, deciphering the chain of liability and the layering of insurance policies.
Ground Lease Termination:
Post-acquisition, West Harbor was able to agree to a deal to terminate the ground lease encumbering the land underneath Building A (front building). The termination of the ground lease resulted in the acquisition of Building A’s improvements, yielding an an attractive, below-market basis across the entire project.