Voit Real Estate Services announced this week that it had completed nine industrial property sale transactions in Orange County, CA valued at $50 million over the past eight weeks. "Identifying space in a tight market to meet our clients' needs was a major contributing factor that made each of these industrial sites strong opportunities," Trent Walker, Voit Real Estate Services' executive vice president and board member, told Commercial Property Executive. "Large industrial buildings continue to be difficult to find throughout Orange County, which makes each of these sites attractive for buyers/investors."
The nine industrial sale transactions include:
$10.8 Million Industrial Acquisition in Anaheim
— Voit directed the $10.8 million acquisition of a 63,774 square-foot industrial asset in Anaheim, California on behalf of the buyer, Norman S. Wright Climatec Equipment of Southern CA. The property is located at 3325 E. La Palma Avenue in Anaheim. The seller was La Palma/Miller Owner, LLC.
$10.5 Million Industrial Acquisition in Garden Grove
— Voit directed the $10.5 million sale of a 66,000 square-foot industrial warehouse in Garden Grove, California on behalf of the buyer, The Smith Family Trust. The property is located at 12621 Western Avenue in Garden Grove, within the West Orange County industrial marketplace.
$7.4 Million Industrial Sale in Buena Park
— Voit completed $7.4 million sale of a 55,362 square-foot industrial facility in Buena Park, California. Voit represented both the buyer, John Smith Services, LLC, and Page Street Partners, LLC as the seller in the transaction. The property is located at 8401 Page Street in Buena Park, California.
$6.9 Million Industrial Sale in Westminster
— Voit directed the $6.9 million sale of two industrial warehouse properties in Westminster, California, on behalf of the seller, a private family trust. The properties, a 24,150 square-foot building located at 6421 Industry Way and a 18,328 square-foot property located at 6412 Maple Avenue, are both adjacent to the Westminster Mall. The buyer was represented Daum Commercial.
$4.8 Million Industrial Sale in Anaheim
— Voit represented TREF3 Anaheim as the seller of a 29,992 square-foot industrial property located at 1311 N. Blue Gum Street in Anaheim, California. The property was purchased by KJL Enterprises, LLC for a total of $4.8 million.
Sale of 11,860 SF Huntington Beach Industrial Building
— Voit directed the sale of an 11,860 square-foot industrial building in Huntington Beach, California. Located at 17572 Griffin Lane, the property was acquired by Ink Direct Corporation for a total of $2.2 million. Voit represented the seller, Whupddu, LLC, in this transaction.
$2.4 Million Industrial Acquisition in Santa Ana
— Voit directed the acquisition of a 14,400 square-foot industrial property located at 2100 & 2106 Susan Street in Santa Ana, California. Voit completed the acquisition on behalf of the buyer, Ivory River Industries, which purchased the property from 2100 Susan, LP for a total of $2.4 million.
Anaheim Industrial Acquisition
— Voit directed the $2.4 million acquisition of a 9,685 square-foot industrial building in Anaheim, California on behalf of the buyer, a private investor. The property, which is located at 3010 E Miraloma Avenue in Anaheim, California, was sold by Miraloma Real Estate Investments.
Industrial Sale on Research Drive in Huntington Beach
— Voit directed the sale of an 8,407 square-foot industrial building located at 5562 Research Drive in Huntington Beach, California. Voit represented both the seller, TVL Real Estate Associates, and the buyer, LFT Properties, in the $1.5 million transaction.
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