Heitman Holdings is the new owner. The company paid $2.1 million for the property, located at 29922 Avenida de las Banderas.
The three-year-old building is not currently occupied. The buyer is looking for tenants to fill the space, according to a source familiar with the deal.
Bryan Miller and Craig Fitterer of Lee & Assoc. represented Heitman. Jay Mast and John Matus, also of Lee & Assoc., represented the seller, Margarita-based Bram Development.
The deal follows on the heels of the $11.1-million sale of a 103,789-sf industrial facility in Placentia. As reported last week by GlobeSt.com, Burbank-based F&F Placentia Associates was the buyer and Laguna Hills-based IRP Muller Associates LLC was the seller. A Grubb & Ellis brokerage team consisting of Kevin Shannon, Jon Swallow and Dave Giglio handled both sides of the transaction.
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