12,000-SF Office Building Nets $1.6M

Chris Migliori of the Anaheim office of Daum says the private investors acquired the property in Anaheim from the Leyton Family Trust of Newport Beach. Migliori represented the sellers, while Frank Sator of Premier Properties represented the buyers. The property is at 1100 Tustin Ave., at the corner of Tustin and La Palma avenues in Anaheim, and is a 12,000-sf, two-story wood frame and stucco building.

The sale is one of a number in Orange County lately involving fully leased office and industrial properties acquired by private investors. Brokers say that such properties continue to gain popularity with investors looking for reliable returns in an uncertain economy. The office space availability rate stood at about 14.5% in Anaheim at the end of the fourth quarter, according to recent reports, compared with an overall availability of about 18.6% in Orange County.