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| Michael Lawrence |
ANAHEIM, CA – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, announced it recently arranged the sale of Blue
Gum Industrial Park, a business park located in Anaheim, Calif.
The property sold for an undisclosed price. Michael
Lawrence, senior vice president investments in Marcus & Millichap’s
Newport Beach office, represented the seller, TW Investment Corp., and the
buyer, TREF3 Anaheim LLC.
“This
property is located in one of Southern California’s tightest rental markets,”
says Lawrence. “The owner should enjoy substantial long-term rent increases and
a stable occupancy.”
Blue Gum Industrial Park is a high-quality central Orange
County business park located at 1311-1347 North Blue Gum St. at the
intersection of East Miraloma Avenue and North Blue Gum Street.
The property consists of seven buildings situated on over 10
acres. Built in 1974 of concrete tilt-up construction, the industrial park
boasts ample parking, ground-level loading and attractively fenced yard areas.
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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