Avistone Acquires the Watt 80 Business Park in North Highlands (Sacramento), California

By April 24, 2013News

Laguna Niguel, CA – (December 19, 2013) – Avistone, LLC announces the acquisition of the Watt 80 Business Park, a 62,000 square foot multi-tenant industrial project located in North Highlands, California. “At 91% occupancy, a strong in-place cash flow and a purchase price of approximately 70% of replacement cost, The Watt 80 acquisition meets all of Avistone’s strict investment criteria, which optimizes yield, return and risk,” stated Daniel Culler, Avistone’s Managing Principal. “Presently, we are actively pursuing stabilized and value-add multi-tenant industrial projects priced from $4 million to $12 million located in major and secondary markets within the Western US.”  Avistone is a real estate investment firm that specializes in the acquisition of high-yielding, multi-tenant industrial parks located in rapidly growing markets. Avistone’s expertise is the acquisition and management of commercial assets that optimize yield, return and risk for its investors. The principals of the firm have more than 50 years of combined experience acquiring and managing commercial real estate investments on behalf of individual and institutional investors. If you would like more information regarding this acquisition or Avistone, please contact Daniel Culler at 949.682.7202 or via email at danc@avistone.com.