CORFAC News

SAN DIEGO, Calif., (August 2, 2010) –Voit Real Estate Services/CORFAC International, a commercial real estate firm that through its brokerage and asset services provides strategic property solutions, has directed the $5.4 million sale of an office campus site with 53,000 square-feet of office property in San Diego, Calif. to the Korean United Methodist Church of San Diego.Harry Stone of Voit Real Estate Services’ San Diego office represented the seller, Kearny II, LLC. “The Korean United Methodist Church of San Diego anticipates conducting extensive redevelopment on the existing property,” explained Harry Stone. “They plan to construct a sanctuary, offices, a children’s center, and a community center with a kitchen to serve their local members.” To assist with purchasing the property, the Korean United Methodist Church of San Diego was financed with a first-mortgage loan for $3.5million from the United Methodist Development Fund.The property is located at 6701-6861 Convoy Court in San Diego, Calif. between the 805 Freeway and the 52 Freeway.The buyer, Korean United Methodist Church of San Diego, was represented by Inmook Hwang of American National Realty.Voit Real Estate Services is a commercial real estate firm that through its brokerage and asset services professionals working together, provides strategic property solutions scaled to clients needs. Combining 38 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage 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 170 people. Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.3 billion of construction projects and completed over $32 billion in brokerage transaction volume.Further information is available at www.voitco.com.