Thursday, September 18, 2014

Orange County, CA Industrial Park Sold by Marcus & Millichap


Michael Lawrence
ANAHEIM, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced it recently arranged the sale of Blue Gum Industrial Park, a business park located in Anaheim, Calif.

The property sold for an undisclosed price. Michael Lawrence, senior vice president investments in Marcus & Millichap’s Newport Beach office, represented the seller, TW Investment Corp., and the buyer, TREF3 Anaheim LLC. 

            “This property is located in one of Southern California’s tightest rental markets,” says Lawrence. “The owner should enjoy substantial long-term rent increases and a stable occupancy.”

Blue Gum Industrial Park is a high-quality central Orange County business park located at 1311-1347 North Blue Gum St. at the intersection of East Miraloma Avenue and North Blue Gum Street.

The property consists of seven buildings situated on over 10 acres. Built in 1974 of concrete tilt-up construction, the industrial park boasts ample parking, ground-level loading and attractively fenced yard areas.

For a complete copy of the company’s news release, please contact:

Gina Relva
Public Relations Manager

(925) 953-1716

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