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LA MIRADA, CA-A 70,000-sf industrial facility here has changed hands, the latest in a string of mid-size Orange County deals that have kept local brokers busy.

The buyer, privately held Yen Enterprises, paid $3.4 million for the property. The building stands at 14655 E. Firestone Blvd.

Yen Enterprises was represented by Jeff Mitchell and Mitch Zehner of Voit Commercial Brokerage. The same brokers also represented the seller, private investment group known as La Mirada Metro Center Associates.

The transaction is the latest in a string of industrial real estate sales that has recently been completed across the county, where a sharp drop in construction activity has helped to keep a lid on vacancy rates. According to a recent Voit Commercial report, there is a relatively modest 3 million sf of industrial space currently under development across Orange County—a 27% drop from year-earlier levels.

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