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Industrial Building Sells for $3.6 Mil

COSTA MESA, CA-The county's industrial market continues to tighten. A Mission Hills-based real estate investor has snatched up a 32,850-sf industrial building in Costa Mesa. The current tenant, a manufacturer of printed circuit boards, has signed a new 10-year commitment.

By Erin Cassin | Updated on May 18, 2001

COSTA MESA, CA-A 32,850-sf industrial building in Costa Mesa has been sold to a Mission Hills-based real estate investor, as a lack of buildable land keeps the demand high for existing industrial properties.

Redhill Venture LLC paid Mission Viejo-based Sysdam Holdings more than $3.6 million for the property, located at 3183 Redhill Ave. The current tenant, a manufacturer of printed circuit boards, will continue to occupy the building, having inked an eight-year agreement with Redhill Venture. The deal is valued at more than $3 million. The Redhill facility houses the headquarters and manufacturing operations of the tenant, Prime Technologies.

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