Huntington Beach Flex Facility Fetches $3.8M

HUNTINGTON BEACH, CA-The vintage auto parts retailer Original Parts Group has snatched up a flex building in Huntington Beach, in a move designed to expand its headquarters in that community.

The buyer has paid $3.8 million for the facility, which stands on a 2.62-acre parcel at 5252 Bolsa Ave. Previously occupied by a technology company, the building features 20,000 sf of office space, concrete tilt-up construction, ground level loading and a parking ratio of 3:1. Original Parts Group has already begun retrofitting the property for traditional industrial and warehouse use. This acquisition reflects a trend in the industrial market, as DAUM Commercial Real Estate Services broker Chris Migliori explains that many owners of stable industrial companies are buying up these former flex facilities and converting them back to traditional use.