SCIF’s $35-Million Acquisition Complete
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The Southern California Industrial Fund has completed a $35-million acquisition of an industrial portfolio in Commerce and Vernon.
The purchase comprises eight buildings totaling 1,017,000 square feet.
SCIF is a joint venture between the Magellan Group in Century City and the Bascom Group in Irvine.
David Hasbrouck of Cushman & Wakefield represented SCIF and seller Harvey Investments/Warschaw Properties in the transaction.
Within the last 18 months, SCIF has bought value-added industrial real estate costing more than $90 million.
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