IRVINE, CA -- Colliers International, the third largest global real estate services organization, has completed the $7.8 million sale of two industrial buildings totaling 75,524 square feet located at 17152 and 17192 Daimler (top left photo) in Irvine, Calif.
Steve Schloemer (lower right photo), senior vice president of Colliers International, represented the seller, Qvale Family Trust from Dana Point, Calif. The buyer was FMH Investors, a manufacturing company from Irvine, who was represented by Mike Hartel of Voit.
Built in 1975 and situated on four acres, the property is 100 percent occupied and includes tenants Crenshaw Die and Manufacturing and Advanced Joining Technologies with leases expiring in 2014. The buildings are adjacent to each other and include fenced yards and dock-high loading.
“The Orange County industrial market continues to improve with eight consecutive quarters of positive net absorption, particularly in the more desirable areas such as Irvine,” said Schloemer.
Contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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