Friday, December 11, 2015

Voit Real Estate Services Completes Nine Industrial Sale Transactions totaling About $50 Million in Orange County, CA


 66,000-SF Industrial warehouse, 
12621 Western Avenue, 
Garden Grove, CA
ORANGE COUNTY, CA  – Voit Real Estate Services has completed nine sale transactions for industrial properties in Orange County, California totaling approximately $50 million in the past eight weeks.

The transactions encompass industrial sales in Anaheim, Buena Park, Garden Grove, Huntington Beach, Santa Ana, and Westminster.

“The Orange County industrial market is tremendously active, and we anticipate that the pace of industrial activity will continue to increase as 2016 comes to a close,” says Trent Walker, an Executive Vice President and board member for Voit Real Estate Services.  

“Demand for industrial product continues to outpace supply, motivating buyers to move more quickly, and giving sellers the opportunity to stretch for premium prices.”

Trent Walker
Walker notes that creativity will be essential in order to maintain the pace of industrial activity over the next 12 to 18 months.

“The market is extremely tight, and the lack of supply coupled with a continued increase in prices will put pressure on industrial investors, owner/users, and tenants, as well as brokers,” he explains.

 “As a result, brokers will become even more nimble and creative, while industrial buyers and tenants will become increasingly innovative in their approach to industrial space.”

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

Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940