FULLERTON, CA-As Fullerton’s industrial vacancy rates continue to rise, a fully leased industrial complex here has been snatched up for $8.5 million.

The property, known as Commonwealth Industrial Park, has been acquired by Hager Pacific Properties through Pacific West Management, one of its related entities. Comprised of three buildings, the 280,000-sf complex is located at 2401-2425 W. Commonwealth Ave. and 2410-2440 Artesia Ave. The property stands on a 12.5-acre parcel approximately one-half mile east of the Fullerton Airport. It is currently occupied by five industrial tenants.

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