The facility is located at 2411 Winston Rd. The buyer, LagenWalter Family Trust, will be the sole occupant in the building.
Lagen Walter Family Trust was represented by Mitch Zehner ofVoit Commercial Brokerage's Anaheim office. The seller, SevilleCapital LLC, was represented by Rany Coe of Colliers SeeleyInternational.
The county has seen an increased number of office transactionsin recent weeks, but some local real estate experts still predicttroubling times ahead for the office market. A recent report byGrubb & Ellis says the office market's vacancy rate willcontinue to rise as the year progresses. In Orange County, nearly2.9 million sf of office space is under construction, yet thecounty experienced a negative net absorption of 278,000 sf in thefirst quarter, the report says.
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