VOIT HELPS ORANGE COUNTY CONSTRUCTION COMPANY ACQUIRE 44,300 SQUARE-FOOT INDUSTRIAL WAREHOUSE IN ORANGE
Seth Davenport and Mitch Zehner of Voit’s Anaheim office completed the industrial owner-user sale with the largest consideration and square footage of 2011 within the city of Orange, Calif.
Orange, CA – February 1, 2012 – (RealEstateRama) — Voit Real Estate Services’ Anaheim office has successfully directed the $5.1 million sale of a 44,340 square-foot industrial property located at 749 N. Poplar Street in Orange, Calif. Based on consideration and square footage, this transaction was the largest industrial owner-user sale of 2011 within the city of Orange, according to Seth Davenport, Senior Vice President in Voit’s Anaheim office.
Davenport worked with Mitch Zehner, Executive Vice President in Voit’s Anaheim office, to represent the buyer and the seller in the transaction.
“As the health of the industrial market continues to improve, now is the time for companies to buy industrial properties at highly competitive prices,” said Davenport. “Since the supply of industrial space is greatly limited in Orange County, we are beginning to see more motivated buyers and sellers in this market, which is an excellent indication of economic stability.”
The buyer is a company that specializes in architectural construction, and plans to use this manufacturing industrial warehouse for its operations.
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:
Judith Brower/Jenn Quader
Brower, Miller & Cole
(949) 955-7940
Jquader (at) browermillercole (dot) com
