ORANGE COUNTY, Calif. – March 30, 2017 – Lee & Associates, the largest broker-owned commercial real estate firm in North America, is pleased to announce the completion of sales by the Orange office totaling approximately 135,500-square-feet, located throughout Southern California.  The total value of the sales is approximately $18 million and recent sale transactions includes:

  • 12449 Putnam Street in Whittier, California – 16,800± SF Office Building for a Sales Value of $1,920,000. Sold to 1515 West, LLC. Christopher Destino, 714-564-7181 & Jeff Gahagan, 714-564-7174
  • 800 W. Commonwealth in Anaheim, California – 5,280± SF Industrial Building for a Sales Value of $1,065,000. Sold to Harkushi, LLC. Jeff Gahagan, 714-564-7174
  • 732 E. Chapman Avenue in Orange, California – 935± SF Office Space for a Sales Value of $320,000. Sold to Eduardo Correa. Marshal Vogt, 714-564-7117 & Jaimeson Hearne, 714-564-7146
  • 11072 Via El Mercado in Los Alamitos, California – 6,723± SF Industrial Building for a Sales Value of $1,717,455. Sold to Neubauer Electric, Inc. David Tabata, 714-564-7132 & Aryan Gharib, 714-564-7109
  • 27171 Burbank in Foothill Ranch, California – 10,652± SF Industrial Building for a Sales Value of $2,770,000. Sold to SDNS Management, Inc. Bryan Miller, 714-564-7123
  • 4745 Bryson Street in Anaheim, California – 11,156± SF Industrial Building for a Sales Value of $2,537,000. Sold to Plehn Family, LLC. Scott Seal, 714-564-7159
  • 460 Meats Avenue in Orange, California – 7,470± SF Industrial Building for a Sales Value of $1,718,100. Sold to Terry Householder. David Williams, 714-564-7115
  • 1510 S. Lewis in Anaheim, California – 8,918± SF Industrial Building for a Sales Value of $1,925,000. Sold to Rex L. Hodges, Inc. Pat Delaney, 714-564-7127 & Frank Mejia, 714-564-7119
  • 340 N. Orange Avenue in Brea, California – 10,890± SF of Land for a Sales Value of $391,000. Sold for the City of Brea. John Son, 714-564-7183 & Bob Sattler, 714-564-7166
  • 8181 Electric Avenue in Stanton, California – 43,560± SF of Land for a Sales Value of $1,205,000. Sold to Kindness Capital Management. Aryan Gharib, 714-564-7109
  • 14771 Plaza Drive in Tustin, California – 1,190± SF of Office Space for a Sales Value of $323,000. Sold to Barry & Yvonne Wachter. Marshal Vogt, 714-564-7117 & Jaimeson Hearne, 714-564-7146
  • 164 Liberty Avenue in Anaheim, California – 12,000± SF Industrial Building for a Sales Value of $2,220,000. Sold to Hadley Towing. Christopher Destino, 714-564-7181

Despite a greater than expected drop in leasing activity in the fourth quarter of 2016, demand for space remained strong enough to drive down the industrial vacancy rate deeper into record territory in each of the county’s four sub-markets, according to Lee & Associates Industrial Market Report.

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About Lee & Associates

Lee & Associates – Orange has a team of 50 agents and brokers that have provided expert commercial real estate services in and around Orange County, since 1983. Lee & Associates is the largest broker-owned firm in North America with locations throughout the U.S. and more than 800 brokers nationwide, providing a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates Orange, visit Lee & Associates Orange or follow us on Facebook, LinkedIn, Google+ and Twitter.