SANTA FE SPRINGS, CA. (Sept. 27, 2012) Colliers
International, the third largest global real estate services organization, has
completed the $1.5 million sale of a two-building industrial property totaling
12,756 square feet located at 13203-13217
Rosecrans Ave. (lower left photo) in Santa Fe Springs, Calif. Built in 1987, the property is
situated on one-half acre of land.
Chuck Wilson (top
right photo) of Colliers International represented the seller, MCBC, an
investor based in Irvine, Calif. The buyer was Santa Fe Springs-based First
Business Machines, a copy machines sales and rental company.
“The new owner, First Business Machines, is relocating from
a neighboring property as they had the chance to buy this asset. They will
remodel one of the buildings which will be used for its business operations,”
said Wilson.
“The second building
is currently leased to two tenants, which provides the owner additional income
and the potential to expand in the future if necessary.”
Wilson added that the Santa Fe Springs industrial market is
very strong with just a 3.7 percent vacancy rate.
Contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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