- Type: Industrial
- Size: 74,000 SF
- Major Tenants: Kryptane Systems, Trango, Aragon Elastomers
- Acquisition Date: 2015
- Purchase Price: $3,750,000 (plus $1.2MM spent on improvements in Yr. 1 of hold)
- Loan: $2,800,000
- Estimated Value: $9,250,000
740 S. Pierce was acquired in poor condition. $1,250,000 was spent to replace roof, install new landscaping, HVAC units and complete major parking lot repairs. New professional triple net lease agreements have been put in place and property is currently 98% leased.