The building, which encompasses 12,000 sf, is located at 1405 N. Hancock St. The seller, Cal-Fasteners Inc., has relocated to a larger facility nearby.
Randy Coe and Dan Patterson of Colliers Seeley International's Anaheim office represented Cal-Fasteners Inc., as well as the buyer, Lucent Imaging Products.
The county's industrial market has remained fairly stable in the first half of 2001, according to a recent report published by Voit Commercial Brokerage. The industrial availability rate was at 6.59% for the second quarter of 2001, the report says. That figure is nearly the same as the second quarter of 2000, when the rate was 6.52%.
A slowdown in construction is one of the principal factors contributing to the county's stable industrial market, according to local real estate experts. There was 3 million sf of space under construction in the second quarter of 2001, a 27% decrease from the second quarter of last year, Voit reports.
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