VOIT COMPLETES SALE OF SIXTH INDUSTRIAL BUILDING IN ORANGE COUNTY’S KIMBERLY BUSINESS CENTER
Mitch Zehner & Seth Davenport of Voit’s Anaheim office completed the $3.5 million sale of a 26,540 square-foot industrial building in Fullerton, Calif.
This sale marks the completion of “Phase One” of Voit’s disposition strategy for the business center; Phase Two is underway with seven buildings remaining.
Orange County, CA – April 18, 2012 – (RealEstateRama) — Voit Real Estate Services’ Anaheim office has completed the sale of the sixth and final building in Phase One of the Kimberly Business Center in Fullerton, Calif., according to Mitch Zehner, Executive Vice President in Voit’s Anaheim office. The 26,540 square-foot industrial building was sold for a total consideration of $3.5 million.
Mitch Zehner and Seth Davenport of Voit’s Anaheim office represented the seller, GLI Kimberly, LLC, and the buyer, GS Enterprises, in the transaction.
“We noticed a pickup in sales activity of mid-sized buildings beginning in late August of 2011, and we’ve seen continued interest in acquiring these smaller and mid-sized buildings,” said Zehner, an Executive Vice President with Voit. “With low interest rates still in place and strong activity among buyers, the amount of mid-sized product available in Orange County is shrinking, and buyers should act quickly if they are hoping to acquire space in this market.”
The Kimberly Business Center, located at 1410-1578 Kimberly Avenue in Fullerton, is comprised of 19 freestanding industrial buildings ranging from 6,000 to 32,000 square feet. This most recent sale is located at 1410 Kimberly Ave. in Fullerton. Only seven buildings remain with two of these going into escrow, according to Zehner.
About Voit Real Estate Services
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs. Combining 40 years of expertise in brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.
Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume. Further information is available at www.voitco.com.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
Jquader (at) browermillercole (dot) com
