A selection of our most successful industrial and self-storage projects, demonstrating our ability to execute complex value-add strategies and deliver superior results.

Case Studies

Magellan Storage Duarte

Conversion of a 29,767 sq ft former Rose Parade float preparation warehouse into a state-of-the-art self-storage facility in Duarte, CA. Doubled the original footprint to nearly 60,000 sq ft.

Magellan Gateway

Acquisition and ground-up development of a 26.8-acre former manufacturing site in El Monte, CA, into a LEED certified, Class A industrial park with five buildings. Successfully overcame Superfund status and entitlement challenges.

Torrance at 190th

Acquisition and expedited closing of a 209,000 SF former Standard Brands Paint manufacturing facility with environmental issues. Redeveloped one building into a 126,000 SF self-storage facility and the other into a multi-tenant industrial park. The industrial asset was sold to a 1031 exchange buyer.

Magellan Storage
Costa Mesa

Acquisition and conversion of a 124,229 SF industrial property into a multi-purpose storage facility (self-storage, wine storage, indoor/outdoor RV/boat storage) in Costa Mesa, overcoming major entitlement and tenant challenges.

Magellan Storage Commerce

Conversion of an 88,400 SF industrial building into an award-winning self-storage facility in Commerce, CA. Overcame entitlement challenges to achieve a retail presence at a prime intersection. Sold in 2018.

Magellan Storage
Los Angeles

Acquisition of a 167,217 SF portfolio (two properties) with occupancies in the 50-60% range. Executed a $1.5 million redevelopment and operational overhaul to address security, marketing, and physical issues, ultimately raising occupancy at both locations to over 90%.

The Concourse

A major ground-up development project (655,000 SF commercial/industrial complex) in the City of Industry, California, completed by Martin Slusser while at Trammell Crow Company.

Commerce Business Center

Acquisition of a 250,000 SF mixed-use industrial asset with environmental and seismic issues. Replaced office/deboning uses with 90,000 SF of new Class A industrial. Executed a major value-creation plan, culminating in a 300% rent increase on the anchor lease and sale to Blackstone Group in 2018.

Grace Place
Magellan Storage

Acquired a 1M SF industrial portfolio. Key strategy was capitalizing on a 500K SF below-market lease rollover (US Can/Ball Corp). Separately, one parcel was entitled and converted into a 140,000 SF self-storage facility, an SSA "Facility of the Year." The industrial assets were sold to a REIT.

Magellan Iowa Industrial

Acquired the note, foreclosed, and redeveloped a 3-parcel, 407K SF industrial property. Extricated the bankrupt tenant, invested $1.5M in upgrades, and successfully negotiated a favorable condemnation settlement with Caltrans. The value-added property was subsequently leased long-term to credit tenant Rustoleum and sold.