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| City of Industry, CA industrial property |
City of Industry, CA – Michael Hartel and Mike
Bouma of Voit Real Estate Services have directed the sale of an 81,894
square-foot industrial property in the City of Industry, Calif. for a total
consideration of $6.4 million on behalf of the seller.
Hartel and Bouma of Voit represented Klein Investments Family
Limited Partnership, a privately-owned real estate investment company, as the
seller in the transaction.
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| Michael Hartel |
The buyer, Super DLK, LLC, is a manufacturing
company which plans to occupy 50 percent of the property as its manufacturing
headquarters.
During escrow, Voit’s Hartel and Bouma also negotiated a new
30,000 square-foot lease within the building on behalf of the current tenant,
Darnell-Rose.
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| Michael J. Bouma |
This engineering and manufacturing company was occupying the
space into which Super DLK, LLC will now move. Darnell-Rose will relocate to
the remaining space in the building to manufacture its products, including
casters, wheels, rubber bumpers, industrial truck couplers, and conveyor
systems.
“This deal was a win-win for both parties. The lease we
negotiated helped to further stabilize the asset for the buyer, while also
allowing us to achieve full market price for our client,” explained Hartel, a
Senior Vice President in Voit’s Irvine office.
The buyer,
Super DLK, LLC, was represented by Norman Shiau of Nortco, Inc. The building is
located at 17915 Railroad Street in City of Industry, Calif.
Contact:
Jenn Quader/ Judith
Brower
Brower, Miller &
Cole
(949) 955-7940
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