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Why All-Cash Offers are Flying in OC

IRVINE, CA—CBRE's Brian Cole tells GlobeSt.com what's behind the multiple all-cash offers in South Orange County, in the wake of three acquisitions he recently closed in this UPDATE to an earlier story.

By Carrie Rossenfeld | Updated on July 02, 2014

IRVINE, CA—Demand for industrial properties from would-be buyers in several size categories is fueling all-cash, multiple offers for space in South Orange County, particularly for off-market deals, CBRE broker Brian Cole tells GlobeSt.com. Cole recently closed a spate of industrial acquisitions in this submarket that fit this description.

As GlobeSt.com reported earlier this week, Cole represented the buyer in each of three South Orange County sales transactions that reflect the current, highly competitive environment where multiple offers and all-cash buyers are becoming the norm: 33033 Camino Capistrano in San Juan Capistrano, 24799 Alicia Pkwy. in Laguna Hills and 27002 Vista Terrace in Lake Forest. The latter two transactions were off-market transactions.

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