Small Building Sales Top $19M

ANAHEIM, CA-Activity in general may be slowing, but some $19.3 million in deals that have closed in recent weeks demonstrate that small industrial and office building sales continue to sell throughout Orange County. Voit Commercial Brokerage, a member of Corfac International, reports that it has closed nine office and industrial sales transactions in the county to buyers ranging from private individuals to corporations.

The latest four transactions included the purchase of a 29,495-sf industrial property at 17260 Newhope St. in Fountain Valley by Microtech Dental Manufacturing, the acquisition of a 16,747-sf property at 870 N. Eckhoff St. in Orange by two individuals, the purchase of a 12,747-sf building at 3041 Orange Ave. in Santa Ana by a private individual, and a law firm’s acquisition of a 4,950-sf at 16430 Bake Parkway in Bacchus Development’s Bacchus Office Park.

In the Microtech Dental deal and in the 3041 Orange Ave. sale in Santa Ana, the buyers were represented by Greg Velastegui of Voit’s Irvine office. The seller in the Microtech sale was the Yardley Trust, which was represented by Jim Snyder of Lee & Associates. In the Orange Avenue sale, the seller was Escalette Enterprises, represented by Trent Walker and Jeffery William of Voit’s Irvine office. In the sale of 870 N. Eckhoff St., the sellers were represented by Mitch Zehner and Louis Tomaselli of Voit’s Anaheim Metro office, with the buyers represented by Troy Williams of Grubb & Ellis. Bacchus represented itself, with Steve Lane of Voit’s Irvine office representing the buyer of the Bacchus building.