Overton Moore Asset Sells for Nearly $12M

(To read more on the industrial market, click here.)

ANAHEIM, CA-Overton Moore Properties of Gardena has sold a 120,000-sf warehouse and manufacturing building at 5235 E. Hunter Ave. to an East Coast-based pension fund adviser for nearly $12 million, according to CB Richard Ellis. Steve Batcheller of the Newport Beach office of CB Richard Ellis tells GlobeSt.com that the single-story industrial building with mezzanine office space was fully occupied at the time of the sale, which was brokered by a team from CBRE.

In addition to Batcheller, the CBRE team members included Paul Jones of the Newport Beach office, Darla Longo of the company’s Ontario office and Kevin Shannon of the CBRE South Bay office in Torrance. The firm that acquired the property represented itself.