Photo courtesy of Horizon Resources Inc.

Photo courtesy of Horizon Resources Inc.

IP Investments LLC of Pasadena, Texas, has acquired an Oceanside industrial property for $3.75 million, according to brokerage firm Horizon Resources Inc.

The seller of the property, at 2020-42 Oceanside Blvd., was recorded as 2020-28 Oceanside Blvd. LLC of Los Angeles. The buyer was represented by Scott Hilmen and Ben Tashakorian of Marcus & Millichap, and the seller was represented by Horizon’s Ken Rogers.

Brokers said the approximately 35,030-square-foot property was fully leased by a total of nine tenants at the time of sale, including Impact Design, Lael’s Automotive, Color Crafters, and Lunada Bay Tile.

According to CoStar Group, the property was originally built in 1960.