The privately held Donco Associates & Sons is the buyer of the 12,233-sf building at 1410 Daly. Broker David Williams of Lee & Associates-Orange Inc. represented the buyer and seller, private investor Bob Mosey, in the deal.
Though sales of industrial property across most parts of Orange County have stayed fairly strong, some recent reports suggest the market may be weakening. A report released last week by Cushman & Wakefield says that third-quarter vacancies in such popular industrial areas as Fullerton and Irvine Business Center have reached 11% and rates in many other areas also are approaching double-digits.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
