Trio of Buildings Sells for $2.3 Mil

ANAHEIM, CA-Three small Southland industrial projects have been sold to separate investors, the local office of Colliers Seeley International Inc. says, continuing a trend that finds mom-and-pop buyers stepping up their acquisitions even as some big buyers stay on the sidelines.

In the first deal, private investor Ray Vincenti paid $745,000 for an 11,000-sf multitenant industrial building at 840 Cypress Street in the City of Orange. Colliers Seeley’s Brad Christian represented Vincenti. The seller, David Bourke, represented himself.

Farther north, in the LA County submarket of Santa Fe Springs, individual investor Glen Wilson paid $872,000 for a 12,783-sf multitenant industrial building at 13231 Rosecrans Ave. Colliers Seeley’s Joel McCabe represented Wilson. Two other Colliers brokers, Chuck Wilson and Steve Calhoun, represented seller MCBC LLC.

Back in Orange County, private investor Nuri Abhar bought an 8,132-sf industrial building at 1440 Pioneer Ave. in Brea for $683,088. Colliers Seeley’s Brad Christian represented both Abhar and the seller, Jack Gao.

The brokers say the trio of transactions represents a regional trend of investment interest in industrial property, especially in the North Orange County region. Interest has been fueled by the area’s low industrial vacancy rate, minimal land for new development, and strategic regional logistics positioning.