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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 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 in process
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, leased building in early 2018 to leading furniture distributor and preparing for a sales process
La Quinta Square La Quinta Square
78-611 Highway 111
La Quinta, CA
169,746 Multi-tenant Retail Acquired 4-acre site from lender 2014, secured entitlements, designed and built site improvements, processed a parcel map, sold one pad to In-N-Out Burger, leased one pad to Aldi for 20 years then sold, leased third pad to El Pollo Loco for 20 years with sale pending
Modera Observatory Park Modera Observatory Park
1910 S Josephine St
Denver, CO 80210
275 (units) Multifamily Acquired in 2018 as part of a 1031 exchange from the sales of the Commerce Business Center and Magellan Storage—Commerce assets.
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