Orange County, CA (Aug. 1, 2012) – Voit Real Estate Services’ Anaheim office has successfully directed the $3.8 million acquisition of a 34,972 square-foot industrial building (top left photo) in Yorba Linda, Calif. on behalf of the buyer, Radius Power. The buyer, a global designer and manufacturer of EMI filters currently based in Orange, Calif., plans to fully occupy the building as its new headquarters to accommodate its expanding manufacturing operations, according to Seth Davenport (middle right photo), a Senior Vice President in Voit’s Anaheim office.
Davenport worked with Mitch Zehner (lower left photo) of Voit’s Anaheim office to represent Radius Power as the buyer in the transaction.
“The challenge for buyers in the Orange County market is that mid-sized industrial inventory is in short supply.
“ We are advising buyers to evaluate their long-term needs, especially when considering square footage,” said Davenport. “In this transaction, we successfully identified a space that fit our client’s needs, while providing more square footage than the client was initially seeking, which will allow for future expansion.”
Davenport notes that Radius Power was initially hoping to expand its operations from 10,000 square feet to 25,000 square feet, and plans to utilize the additional space to accommodate its ongoing growth.
The seller, Eastpark Drive, LLC, was represented by Zach Niles of 360 Commercial Partners.
The property is located at 22895 Eastpark Drive in Yorba Linda, Calif.
Contact:
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
JQuader@browermillercole.com
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