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Industrial Parcel Sells for $4 Mil

ORANGE, CA-The buyer, Matrix Service Co., intends to build a regional office and distribution facility on the 5.6-acre site. The distribution facility will be used for the company's aboveground storage tank services unit. Matrix provides maintenance, construction services and products to the petroleum industry.

By Erin Cassin | Updated on June 29, 2001

ORANGE, CA-A 5.6-acre parcel slated for industrial use has been sold in Orange to a Tulsa-OK based maintenance and construction company. The buyer, Matrix Service Co., has paid $4 million for the site.

Matrix plans to build a regional office and distribution facility on the parcel. The distribution facility will be used for the company’s aboveground storage tank services unit. Matrix provides maintenance, construction services and products to the petroleum industry. The company’s current site for tank maintenance, repair and fabrication is located at 1441 S. Anaheim Blvd in Anaheim. It will move to the new location when the facility is completed in first quarter 2002.

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