X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAGUNA HILLS, CA-Color Digit, a commercial printing company, has acquired an 11,380-sf industrial building in Laguna Hills.

The company has paid more than $1.2 million for the facility. The building, which is located at 23281 Vista Grande, will be occupied by Color Digit on August 1. The company will be relocating to the building from its current facility on Alcalde.

Color Digit was represented by Mark Jerue and Ted Rommel of Lee & Associates Irvine Spectrum office. The seller, Viking Investors, was represented by Jan-Erik Palm of Aliso Viejo-based Spectrum Commercial.

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