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Magellan Properties

Magellan’s current portfolio of approximately 2,500,000 SF is currently transitioning through various phases of value-added activities. Those projects are briefly presented below.

  Asset Size (sq. ft) Property Type Description
Magellan Storage Magellan Storage
5415 E. Olympic Blvd.
City of Commerce, CA
144,866 Self-Storage (1,376 units) Industrial building entitled/converted in 2008, 90% leased
Magellan Gateway Magellan Gateway
4181-4189 Temple City Blvd
El Monte, California
502,000 Multi-tenant Industrial Condos Acquired vacant land in 2014, completed 502,000 SF of LEED standard industrial in August 2016, buildings/condos are being sold.
Commerce Business Center Commerce Business Center
6014 Eastern Avenue
Commerce, California
291,453 Multi-tenant Industrial Acquired in 1997, expanded in 2005 currently a parcel map is being processed and leases are being adjusted to market.
Arrow Canyon Crossing Arrow Canyon Crossing
5115 Azusa Canyon Road
Baldwin Park, California
93,945 Single or Multi-tenant Industrial Acquired leased property in 2014, entitlements obtained, 98,000 SF industrial building to be constructed, with condo potential
Magellan Riverside Magellan Riverside
1989 – 2069 Massachusetts Ave. & 2626 Kansas Ave.
Riverside, CA
297,455 Multi-tenant Industrial Acquired leased investment in 2014, long-term lease/development options under assessment
Golden State Industrial Golden State Industrial Park
1775 Park Street
Selma, California
358,533 Multi-tenant Industrial Acquired leased investment in 2008, parcel map being recorded in preparation for sales
Lehigh Industrial Park Lehigh Industrial Park
100 Cascade Drive
Allentown, Pennsylvania
400,340 Multi-tenant Industrial Leased investment acquired in 2014, lease rollovers/refurbishment in process
Atlantic Atlantic
3030 Atlantic Blvd.
Vernon, CA
200,000 Single-tenant Industrial Acquired vacant property in 2012, lease and sale options being evaluated
La Quinta Square La Quinta Square
78-611 Highway 111
La Quinta, CA
169,746 Multi-tenant Retail 4 acre site acquired from lender, parcel map processed, one pad sold to In-N-Out Burger, one pad leased to Aldi and sold, third pad in negotiations
Magellan Aviation Magellan Aviation
McClellan-Palomar Airport
2006 Palomar Airport Road
Carlsbad, CA
133,083 Aircraft Hangars & FBO Airplane hangars and fuel operations being completed and recapitalized