Thursday, September 27, 2012

Colliers International Completes Sale of Industrial Building in Santa Fe Springs, CA


 SANTA FE SPRINGS, CA. (Sept. 27, 2012) Colliers International, the third largest global real estate services organization, has completed the $1.5 million sale of a two-building industrial property totaling 12,756 square feet located at 13203-13217 Rosecrans Ave. (lower left photo) in Santa Fe Springs, Calif. Built in 1987, the property is situated on one-half acre of land.

Chuck Wilson (top right photo) of Colliers International represented the seller, MCBC, an investor based in Irvine, Calif. The buyer was Santa Fe Springs-based First Business Machines, a copy machines sales and rental company.

“The new owner, First Business Machines, is relocating from a neighboring property as they had the chance to buy this asset. They will remodel one of the buildings which will be used for its business operations,” said Wilson.

 “The second building is currently leased to two tenants, which provides the owner additional income and the potential to expand in the future if necessary.” 

Wilson added that the Santa Fe Springs industrial market is very strong with just a 3.7 percent vacancy rate.


Darcie Giacchetto
Spaulding Thompson & Associates

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