Thursday, June 27, 2013

Avison Young completes three industrial/flex-tech property transactions totaling approximately $17 million in Orange and Los Angeles Counties

  
Ball Road Business Park, Anaheim, CA


Irvine, CA – Avison Young Principals Dan Vittone and Alan Pekarcik announced today the sales of three industrial/flex-tech properties totaling approximately $17 million in the Orange County, CA cities of Anaheim and Santa Ana, and La Mirada, which is located in Los Angeles County.

Dan Vittone
 “Demand for multi-tenant industrial parks in Southern California remains strong, especially given the increased activity by 1031 exchange buyers as a result of changes to federal and state tax laws that went into effect January 1, 2013,” comments Vittone.

Two of the three sales brokered by Avison Young were buy-side representations of 1031 exchange clients. The three properties are as follows:

Ball Road Business Park, located at 701-741 East Ball Road in Anaheim, totals 114,984 square feet (sf). Built in 1987 and situated on 6.4 acres, the property is located one mile east of the 5 Freeway and 1.5 miles west of the 57 Freeway.

Alan Pekarcik
Built in 1978, the multi-tenant industrial building at 2907-2977 South Croddy Way in Santa Ana totals 30,528 sf and sits on 1.7 acres.

Parkway La Mirada, which is located at 16810-16900 Valley View Avenue in La Mirada and built in 1990, totals approximately 23,000 sf and is situated on 1.32 acres.

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224



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