14
Apr2014
Voit Real Estate Services/CORFAC International Directs $6,000,000 Sale of 40,000 Sq. Ft. Industrial Building in Anaheim
Contact:
Mitch Zehner714.935.2307mzehner@voitco.com
Anaheim, CA (April 14, 2014) – Mitch Zehner, Executive Vice President, and Seth Davenport, Senior Vice President, in Voit Real Estate Services’ Anaheim office successfully directed the $6 million sale of a 40,000 square-foot industrial building on behalf of the Seller, The 2013 Diablo Charitable remainder Annuity Trust and Cure International Inc.
“The sale is indicative of continued appreciation of the Orange County industrial market as this is not only the highest price paid PSF in years, but it was also achieved in a “cold shell condition,” according to Davenport. “The property lacked offices, restrooms or windows. This is the highest price we’ve seen paid for a building in this condition.”
The property is located at 1369 S. State College Blvd. in Anaheim.
About Voit Real Estate ServicesVoit Real Estate Services is now an 11 office commercial real estate firm that, through its brokerage and real estate management professionals working together, provides strategic property solutions tailored to clients' needs. Combining more than 40 years of expertise in brokerage, investment advisory, financial analysis, market research, real estate management and tenant advisory, 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 55 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $40 billion in brokerage transaction volume. Further information is available at www.voitco.com.
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