ORANGE, CA – Voit Real Estate Services’ Anaheim office has successfully directed the $5.1 million sale of a 44,340 square-foot industrial property (top left photo) located at 749 N. Poplar Street in Orange, Calif.
Based on consideration and square footage, this transaction was the largest industrial owner-user sale of 2011 within the city of Orange, according to Seth Davenport (top right photo), Senior Vice President in Voit’s Anaheim office.
Davenport worked with Mitch Zehner (lower left photo), Executive Vice President in Voit’s Anaheim office, to represent the buyer and the seller in the transaction.
“As the health of the industrial market continues to improve, now is the time for companies to buy industrial properties at highly competitive prices,” said Davenport. “Since the supply of industrial space is greatly limited in Orange County, we are beginning to see more motivated buyers and sellers in this market, which is an excellent indication of economic stability.”
The buyer is a company that specializes in architectural concrete construction, and plans to use this manufacturing industrial warehouse for its operations.
Contact:
Judith Brower / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
No comments:
Post a Comment