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Largest Owner-User Transaction Closes

UPDATE BREA, CA-Krystal Enterprises sells a class-A industrial building here for $112 per square foot in this week's wrap-up of deals.

By Carrie Rossenfeld | Updated on January 10, 2013

(Save the date: RealShare Apartments East comes to the Hyatt Regency in Miami, FL, on February 26, 2013, and RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27, 2013.)

BREA, CA-In the largest owner-user sale transaction of 2012 in North Orange County, both by square feet and by total consideration, Krystal Enterprises has sold a class-A industrial building at 2701 Imperial Highway here to Master Real Estate Holdings Inc. for $12.75 million. The 113,851-square-foot building sold for approximately $112 per square foot. CBRE‘s Steve Young and Brian Cole represented the seller, which had occupied the building for the past 12 years. The buyer was represented by Doug Himes of Lee & Associates.

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