The larger transaction involves a 28,000-sf facility. The building, which is located at 10601 Glenoaks Blvd., has been sold for $2.3 million. It will be occupied by the buyer, Leonetti Co.
Chase's other disposition is a $2.1-million sale to GER Enterprises. The 25,000-sf structure is located at 10639 Glenoaks Blvd.
The county's industrial market has remained fairly steady in recent months as small and mid-sized industrial properties continue to garner interest from local investors. David Parker of the Charles Dunn Co. Inc. and Brent Weirick of Colliers Seeley Co. represented both parties in the transaction. "As office and retail investment activity continues to level-off, small to mid-size industrial facilities have become a preferred product type for everyone from smaller private investors to institutional funds and REITS," Parker says.
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