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| 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.
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| 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.
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| 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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