SAN JUAN CAPISTRANO, CA-Ashby Enterprises snatches up the 49,703-sf industrial building in a deal valued at $4.4 million. The vast supply of industrial product in South County has begun to shrink somewhat, according to a new report on the region.
SOUTH ORANGE COUNTY, CA-New research points to a slight increase in the overall vacancy level in South Orange County's office market, as the rate has increased from 17.31% in December to 17.60% in January.
SANTA ANA, CA-The firm will consolidate its San Fernando Valley and Orange County offices into the recently leased facility in Santa Ana. According to a recent report, the county's office vacancy rate is expected to increase above the current level of 14.4% in the near term.
ANAHEIM, CA-A private investor snags the 43,614-sf Anaheim Medical Center, which was 92% occupied at the time of sale. Office investors continue to favor properties with low vacancy rates, as Orange County office product is still experiencing a drop in occupancy levels.
ORANGE COUNTY, CA-According to the latest report on the South Orange County industrial market, the first month of 2002 saw negative net absorption drop to 31,531 sf from more than 675,000 sf in December.
GARDEN GROVE, CA-The 140,000-sf industrial distribution building is acquired by Goldrich & Kest Industries. This transaction marks one of the only large industrial sales to occur here in recent weeks, as it is the smaller deals that have been keeping Orange County brokers busy as of late.
SANTA ANA, CA-A family trust grabs the 35,265-sf Santa Ana facility. The single-tenant building is located in the newly constructed Santa Ana Business Center.
TUSTIN, CA-The 20,389-sf facility fetches $2.4 million for seller Personal Benefit Insurance. The deal comes as vacancies are on the rise in the Orange County office market.
YORBA LINDA, CA-B&K Precision snatches up a 16,789-sf Yorba Linda facility for $1.8 million. Such smaller deals are keeping local brokers busy in an Orange County industrial market weakened by the recession.