The industrial property, which spans across two addresses,encompasses 82,474 sf. It is 100% occupied by two tenants. Globalprinting company Mail Well Inc. occupies 39,274 sf at 531 AirparkDr. The other 43,200 sf, located at 2356 Moore Ave., are occupiedby clothing distributor LAT Sportswear.
The buyer, Long Beach-based Bixby Land Co., has paid $5.2million for the building. "Bixby Land Co. has acquired a centrallylocated industrial building with a long-term lease and remainingrental upside potential," says Louis Tomaselli, who worked on thedeal.
Tomaselli, Mitch Zehner and Mike Boomer represented both BixbyLand Co. and the seller, HC Fullerton LLC, in the deal. All threemen work out of Voit Commercial Brokerage's Anaheim Metrooffice.
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