DAUM, a member of ONCOR International, reports that Pacific Foods Distribution bought the 28,510-sf industrial property at 3431 West Carriage Dr. from an individual private investor for approximately $4.9 million. The building is situated on a 1.9-acre lot and features 6,000 sf of high-image executive office space, with close access to the 55 and 405 freeways.
The seller was represented by Chris Migliori of DAUM. Pacific Foods Distribution was represented by Andy Friedman of Industrial Properties.
In the other deal, DAUM reports that Western Financial Planning Corp., a San Diego-based real estate investment group, has acquired a 9,900-sf office building at 9861 Irvine Center Dr. in Irvine for $3.7 million. According to Erik Thompson of DAUM, who represented Western Financial, the firm will use the building to accommodate its growing business.
The two story, high-image office building includes 16 private offices, signage on Irvine Center Drive and a built-in kitchen with bar, stove and cooking area. Thompson points out that Western Financial was able to get a great deal and close the acquisition quickly "due to the seller's need to dispose of the building," added Thompson.
The building is the third office location in Southern California for Western Financial, which also maintains operations in San Diego and Laguna Hills. The seller of 9861 Irvine Center Dr. was A&L Holdings, which was represented by Craig Fitterer and Mark Jerue of Lee & Associates.
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