Los Angeles, CA (Dec. 19, 2011) – Voit Real Estate Services’ Anaheim office has completed two industrial property sales encompassing 47,620 square feet for a total consideration of $4.8 million in Greater Los Angeles.
Transaction #1
Transaction #1
Cameron Driscoll and Luke McDaniel, both Senior Vice Presidents in Voit’s Anaheim office, completed the $2.7 million sale of a 28,300 square-foot, free-standing industrial building located at 16000 Phoebe Avenue (top left photo) in La Mirada, Calif. Voit’s Driscoll and McDaniel represented the seller, InSite Realty Advisors.
“This property was originally listed for lease, however, the Voit team knew there was stronger activity in the sale market, so we advised our client to shift the focus to buyers in the region,” said Driscoll. “As a result, we were successful in achieving a sale price at the higher end of the market on behalf of the seller.”
The buyer, Evergreen Packaging, acquired the space to expand its operations, while adding additional machinery. Evergreen Packaging was represented Grubb & Ellis in the transaction.
Transaction #2
Transaction #2
Voit’s Anaheim office also completed the $2.1 million sale of a 19,320 square-foot, free-standing, single occupant industrial building located at 9046 Sorensen Ave. (lower right photo) in Santa Fe Springs, Calif. Voit’s Cameron Driscoll and Luke McDaniel represented the seller, Kearny Real Estate Company.
“In this REO sale, Voit was able to quickly identify a qualified buyer that closed the deal in a timely manner, and without any re-trades,” stated Driscoll.
The buyer, Steven Label, is a printing company that plans to use the space as its headquarters. Steven Label was represented by Lee and Associates.
Further information is available at http://www.voitco.com./
Contact:
Judith Brower
Brower, Miller & Cole
949) 955-7940
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