Walnut Avenue Business Park
Acquired by PS Business Parks in April 2019, Walnut Avenue Business Park, located in Signal Hill, CA, consists of eight buildings totaling 75,353 square feet situated on 4.2 acres. As of the acquisition date, the portfolio was 97% occupied with an average customer size of 2,253 square feet.
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The eight buildings provide customers excellent access to major commuting routes 405, 710 and 605, and is situated within the Signal Hill industrial submarket where PSB’s present industrial/flex portfolio totals 268,000 square feet. This “bolt-on” acquisition increases PSB’s industrial/flex portfolio to 342,000 square feet, representing a market leading 56% submarket concentration. With suite sizes ranging from 1,200 to 4,800 square feet and true to PSB’s strategy, Walnut Avenue Business Park is positioned to meet the needs of Small Business America.