ANAHEIM, CA-Small businesses are taking advantage of low pricesand SBA financing to acquire their own buildings, according to CBRichard Ellis brokers who were involved in three such deals lately.CBRE’s Ben Seybold and Sean Ward, represented the sellers in threerecent industrial sales totaling $28.6 million in Anaheim andFullerton.

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In one of two deals in Anaheim, Imation Corp. sold a163,139-square-foot building at 3190 E. Mira Loma Ave. for $13million. The property had been on the market for 18 months,according to the brokers. The buyer was Chun Lun Ko, who bought itfor the corporate headquarters of Best Cheer Stone, a stonecompany, which is relocating from facility in the tile mile area ofAnaheim. The company is now renovating the property and plans tomove in upon completion.

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In the Fullerton transaction, Ideal Spa Covers sold a59,926-square-foot freestanding at 1601 E. Orangethorpe Ave. toYien and Tran Ngoc Linh for $4.5 million. The buyers operate aVietnam-based metal company, and the Orangethorpe Avenue buildingwill be the company’s first US location. The purchase price was 46%below the original listing price of $139 per square foot in April2007. CBRE was the third firm to list the property in thethree-year period.

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Ward notes that both the Mira Loma Avenue building and theOrangethorpe property were on the market for an extended period oftime. He says that CBRE was successful in selling them in today’smarket “in large part because buyer and seller expectations are nowmuch more closely aligned than we saw in the past couple of years,and some buyers now feel that we are at, or close to, the bottom ofthe market.” In addition, the availability of aggressive SBAfinancing has helped give the user/sale market a necessaryjump-start, he adds.

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Last month, as reported byGlobeSt.com, Seybold and Ward also participated in the $11.1million sale of a 154,255-square-foot corporate headquarters saleat 1600 Kraemer Blvd. in Anaheim. The buyer was Advantage Mailing,a high-end direct mail and advertising company. The seller, BPGProperties, was represented by Ian Britton and Rick McGeagh inaddition to Seybold and Ward.

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