David Knowlton and Paul Fisher of the Newport Beach office of NAI Capital Commercial say the new owner has acquired the building to relocate its business from Fullerton. The NAI brokers say that the buyer will occupy half of the freestanding, multi-tenant industrial building for an auto parts supply store, as well as for the warehousing and distribution of auto parts. The remaining half of the building, approximately 27,000 sf, will be available for lease at an asking rate of 39 cents per sf per month, triple-net, Knowlton says. He and Fisher are the leasing agents for the space, which is within the Corona Spectrum.
Knowlton notes that he and Fisher are also representing the buyer in the sale of three industrial condominiums at 511-513 Raymond Blvd. and 1106 Valencia St. in Fullerton that the buyer is vacating to relocate to the new and larger location in Corona.
In the Corona transaction, the seller was represented by Tim Hawke of Strata Realty.
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