Tuesday, November 6, 2012

Voit Real Estate Services Directs 82,000-SF Industrial Sale in City of Industry, CA



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. 

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.

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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