The buyer, Shriji Enterprises, and the seller, Allied Building Products, were represented by Daum Commercial Real Estate Services.
Another Orange County industrial property recently changed hands, in an Orange deal valued at $2.8 million. An LA-based investment group, RPM Investments, acquired the 36,000-sf facility, as reported last week by Globest.com. The building, which is located at 1517 Braden Court, was vacant at the time of sale. The seller was Orange-based BHH Properties.
The county's industrial availability rate for the second quarter of 2001 was at 5.59%, according to a recent report released by Voit Commercial Brokerage. The figure is nearly the same as the second quarter of 2000, when the rate was 5.52%.
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