X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FULLERTON, CA-A Fullerton industrial facility has been sold for $3.9 million, as the demand for industrial space in Orange County shows no signs of slowing.

The 80,220-sf building has been sold to Eastern Express. Constructed in 1965, the two-story facility contains 18,000-sf of office space. In addition, it has 24-ft clearance height and six dock-high doors.

Eastern Express was represented by Jonathan Ferrini of Lee & Associates. The seller, Lennox International Inc., was represented by a CB Richard Ellis brokerage team consisting of Bob Goodmanson, Ian Britton, Brian DeRevere and Brad Bierbaum.

This transaction is the latest in a string of industrial deals scattered throughout the county. Many smaller and medium-sized facilities have been changing hands in Orange County over the past few weeks, as demand from industrial users continues to keep the market steady.

The industrial availability rate for second quarter of 2001 is at 5.59%, nearly the same figure as the second quarter of 2000, according to a recent report released by Voit Commercial Brokerage. The industrial availability rate for the second quarter of 2000 was 5.52%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.