Juan Gutierrez |
The Voit team represented the seller, Focus Real Estate
Services, LLC, based out of Newport Beach.
The buyer, Teamrise International, based out of Pasadena,
was represented by KMBJ, Inc.
In just three years of ownership, Focus Real Estate Services implemented
an aggressive renovation and marketing plan which stabilized rents and
occupancy, adding a significant amount of value to the property.
With rent growth
projected to continue and a low market vacancy, the project is well
positioned to provide the buyer excellent returns well into the future
according to Bouma.
“We were very impressed with the comprehensive marketing efforts the Voit
team put forth to identify a qualified buyer for the Arrow Business Park, and
even more impressed by their continued diligence and involvement from the time
the buyer was selected to the close of escrow,” commented one of the Partners
with Focus Real Estate.
Mike Bouma |
The property is located at 9007-9087 Arrow Route in Rancho Cucamonga,
Calif.
CONTACTS:
Juan Gutierrez
(909)
545-8008
Jessamyn J.
Wilkinson |
Director of Marketing
Voit Real
Estate Services
2020 Main Street,
Suite 100 | Irvine, CA 92614
T (949) 263-5314 | C (949)
929-7147
Voit Real Estate
Services, Broker License # 01991785
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