The company has paid more than $1.2 million for the facility. The building, which is located at 23281 Vista Grande, will be occupied by Color Digit on August 1. The company will be relocating to the building from its current facility on Alcalde.
Color Digit was represented by Mark Jerue and Ted Rommel of Lee & Associates Irvine Spectrum office. The seller, Viking Investors, was represented by Jan-Erik Palm of Aliso Viejo-based Spectrum Commercial.
Many smaller and medium-sized facilities have been changing hands in Orange County over the past few weeks, as demand from industrial users continues to keep the market steady. The industrial availability rate for second quarter of 2001 was at 5.59%, according to a recent report released by Voit Commercial Brokerage. That figure is nearly the same as the second quarter of 2000, when the industrial availability rate was 5.52%.
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