A Florida real estate company that specializes in industrial logistics properties bought two warehouse buildings in Buena Park for $60.9 million.
Elion Partners, an industrial real estate company headquartered in North Miami Beach, Florida, bought the warehouses at 6250 and 6270 Caballero Blvd. in Buena Park for $222.13 per square foot. The two-building portfolio totals 274,170 square feet.
Boston-based AEW Capital Management, a real estate investment firm with nearly $84 billion in assets under management, was the seller.
The sale is AEW Capital Management’s second industrial transaction in Orange County this summer. The firm sold a 130,925-square-foot warehouse at 2929 E. Imperial Highway in Brea to China-based Jiaherb Inc. for $54 million in July. The building is about a mile from Beckman Coulter Diagnostics’ local headquarters.
Jeff Chiate of Cushman & Wakefield said the Buena Park transaction is a sign of strong market fundamentals in North Orange County.
“The sale of these properties highlights the strong demand for value-add opportunities in this highly sought-after region,” Chiate said in a statement. “The strategic location, combined with functional industrial features, makes these buildings an attractive asset for long-term growth and investment in one of the nation’s premier industrial corridors.”
Matt Leupold, also of Cushman & Wakefield, said the Buena Park portfolio is located “within Orange County’s tight industrial market, where Elon has been actively looking to grow their portfolio.”
The two-building portfolio features 24-foot clear heights, 32 dock high doors, three ground level doors and 13 rail doors.
Both buildings are located on nearly 12 acres and provide users with parking and freeway access. Nearby freeways include Santa Ana (5) and Riverside (91).
AEW Capital Management bought 6250 and 6270 Caballero Blvd. for $109.5 million in August 2017, as part of a four-property portfolio. The firm specifically paid $18.2 million for 6250 Caballero and $16.3 million for 6270 Caballero, per CoStar data.
Elion Partners paid $32 million for 6250 Caballero and $28.9 million for 6270 Caballero, according to CoStar.
Chiate, Leupold, Rick Ellison, Aubrie Monahan and Jeff Cole represented AEW Capital Management and procured the buyer on behalf of Cushman & Wakefield.
Cushman & Wakefield’s Equity, Debt & Structured Finance team of Brian Share, Rob Rubano, Max Schafer, Brennan Vance, Niki Kretschmann and Jonathan Grotzinger arranged the financing on behalf of Elion Partners.
Orange County’s Industrial Market
The Orange County industrial market continues to be tempered by high interest rates and The White House’s tariffs policies.
“The Federal Reserve held rates steady in June and signaled a slower path for rate cuts this year, largely due to ongoing inflationary pressures and uncertainty surrounding tariffs. As a result, financing remains expensive, and the bid-ask spread continues to widen, with many buyers and sellers hesitant to transact until there is more economic clarity,” a Colliers report for Orange County’s second quarter of 2025 said.
The Colliers report also said that the Southern California industrial market, in general, continues “to draw investor interest,” even with economic headwinds, some of the highest industrial rents in the country and a lack of available land.
“While deal volume remains below historical levels, the region’s strong fundamentals position it well for a rebound once borrowing costs begin to ease and confidence returns to the market,” per the Colliers industrial report.
CBRE, in its second quarter report for the Orange County market, said there is a light at the end of the tunnel for industrial developers.
“While developers face ongoing challenges in the short term, the market will require new construction projects in the long term,” according to CBRE’s Orange County industrial report.
“The OC industrial sector’s strategic location near the San Pedro Bay port complex, relatively high rental rates, and constrained new supply continue to position the market favorably for development.”
