December 8, 2016 Comments Off on Anaheim Industrial Compound Trades for $29.5M Views: 340 California, California News, Orange County, West

Anaheim Industrial Compound Trades for $29.5M

Irvine, CA-based Greenlaw Partners sold Tri-Freeway Business Park, a multi-tenant industrial compound in Anaheim CA, to an undisclosed Northern California private, high-net-worth individual for $29.45 million. The 10-building property includes 208,824 square feet and features 114 units. The property traded for $141 per square foot, or a 5.5% cap rate.

The 97% leased asset drew high investor interest, including exchange buyers, institutions, high-net-worth individuals and family offices.

CBRE’s Gary Stache, Anthony DeLorenzo, and Doug Mack represented both parties. CBRE’s Shaun Moothart, Bruce Francis, Bob Ybarra, Dana Summers and Katie Diaz arranged $19.1 million in acquisition financing.

Stache says, “The majority of our recent transactions have sold to private capital or high-net-worth individuals in 1031-exchanges that are paying premium prices for the benefit of having a stable, income-producing property in a thriving neighborhood.”

*Google image

Read more at CBRE

Connect With CBRE’s Stache

Connect With Greenlaw Partners

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , ,

Comments are closed.