Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GARDEN GROVE, CA-Voit Cal Partners Phase I sold one industrial building in Garden Grove for $2.7 million and another for $1.2 million in sales to separate buyers.

Water Systems & Supplies bought the $2.7 million property, a 35,268-sf manufacturing facility at 12802 Knott Ave. Louis Tomaselli, Mitch Zehner, Mike Bouma and John Pagliassotti of Voit Commercial Brokerage represented the seller. Jackie Van, of Action First, represented the buyer.

FMGM Advisors LLC acquired a 15,000-sf building at 12812 Knott Ave. for $1.2 million. The building is 100% occupied by A-1 Silkscreen Co. The same Voit brokers represented the seller, while Dan Powers of CB Richard Ellis represented the buyer.

Sales of small industrial buildings remain a strong point in the mixed-bag that is the Orange County industrial market, according to the latest report from Grubb & Ellis.

That report shows leasing slowing but sales buoyed by low interest rates, as they are throughout much of the country. The vacancy rate for industrial space in the county is approaching a relatively high 10%, according to the report, which notes that “corporations have held off on making lease obligations until there is a clear sign their industry hasrecovered.”

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?


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.