Three Industrial Buys in South Orange County

NEWPORT BEACH, CA—Three new industrial acquisitions have been completed in South Orange County, illustrating a growing trend in the demand for investment properties, particularly in the industrial sector. According to Brian Cole of CBRE, who represented the buyer in each of the three sales, the transactions reflect the current, highly competitive environment where multiple offers and all-cash buyers are becoming the norm.

First, the 39,250-square-foot industrial space at 33033 Camino Capistrano in San Juan Capistrano was purchased by U-Haul in an all-cash sale transacted at $5.6 million. U-Haul was selected as the buyer from a pool that included three other offers. GlobeSt.com has learned that the seller was the Renken Co., a real estate investment company out of Los Angeles.