Guthrie Continues to Move Industrial Condos

Guthrie: “When presented with a lease vs. buy analysis, the rising lease rates help to make a compelling argument to own.”

NEWPORT BEACH, CA—GlobeSt.com has learned exclusively that Guthrie Development has sold the last of 25 industrial-condominium units at its Foothill Business Park and has completed the repositioning and entitlement for Brea Central Business Center, along with its first unit sale. Rob Guthrie, CEO and founder of Guthrie Development, tells GlobeSt.com, “I think there’s going to be an awareness and surge of buying these small condos, with the expectation that interest rates will rise.”

Guthrie says that with limited new construction in this size range, “we’ve been able to reposition existing multi-tenant industrial space into industrial condos that provide the type of layout and setting that appeal to business owners.” He adds that Orange County is an entrepreneurial market with a thriving community of owner/users who appreciate the opportunity to own their real estate.