Colliers International Completes $2.2 Million Sale of 21,700-SF Industrial Building in Simi Valley, CA

Simi Valley, CA – Colliers International, the third largest global real estate services organization, has completed the sale of a 21,700-square-foot industrial property located at 2255 Agate Court (top left photo)in Simi Valley.  The transaction is valued at approximately $2.1 million.

John DeGrinis (middle right photo), SIOR, senior executive vice president, Patrick DuRoss (lower left photo), associate vice president, and Jeff Abraham, senior associate all based in Colliers International’s Encino office represented the buyer, California Lasers, Inc.  Grant Harris, John Ochoa and Grant Fulkerson of Lee & Associates represented the seller.

California Lasers provides sub-contract laser welding, cutting, drilling, electron beam welding and leak testing services to the rapidly growing medical, aerospace and semiconductor industries. 

“California Laser is increasing its footprint significantly,” DuRoss explained. “ We are pleased to see a manufacturer doing so well and growing within the same region they’ve flourished in for many years.”

The building was constructed in 1985.  The property offers building features including 22-foot minimum clearance, 1000 amps of power, HVAC throughout the building and a fenced yard area.   

Contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Voit Real Estate Services Directs $7 Million Orange County, CA Industrial Acquisition for Aerospace Company

 Orange County, CA – Mitch Zehner (top right photo) and  Seth Davenport (middle left photo) of Voit Real Estate Services’ Anaheim office have successfully directed the $7.25 million acquisition of an 82,544 square-foot industrial building situated on 4.56 acres in Anaheim, Calif. on behalf of the buyer.

 The building, previously occupied by a hardwood distribution company, will be fully occupied by the buyer, a North Orange County-based Aerospace Shop, according to Zehner, an Executive Vice President in Voit’s Anaheim office.

Zehner and Davenport represented BT La Palma as the buyer in the transaction. This is a relocation for BT La Palma, as the firm is moving its business from a neighboring city in North Orange County, according to Zehner.

“Our client was seeking a large industrial building in Anaheim with ample yard space to accommodate its aerospace business,” explained Zehner. “As industrial inventory continues to tighten in Anaheim, properties with these specifications are becoming rare commodities.”

Zehner noted that because the Voit team is constantly tracking the OC industrial market, they were able to quickly identify and secure this facility, which met their client’s operational and location needs.

The seller, Dunham & Gilliland LLC, was represented by Clyde Stauff of Colliers International.

 This free-standing building is located at 4890 E. La Palma Avenue (bottom right photo) in Anaheim, Calif. with major street visibility on La Palma Avenue, according to Zehner.

Contact:

Jenn Quader/ Judith Brower

Brower, Miller & Cole

(949) 955-7940

JQuader@browermillercole.com