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FULLERTON, CA-A private investor has shelled out $6 million for a warehouse and distribution facility here.

Richard Bracamonte has snatched up the 91,000-sf building, which stands at 1400 Manhattan Ave. The facility houses the West Coast plant and manufacturing operations for North American Enclosures, an Islip, NY-based manufacturer and distributor of picture frames.

Dan Patterson of Colliers Seeley International acted on behalf of the buyer. The seller, San Francisco-based investment firm GK Investment, was represented by the Cushman & Wakefield duo Jeff Chiate and Rick Ellison.

The Orange County market ended the second quarter of this year with an industrial availability rate of 10.64%, according to a Voit Commercial Brokerage report on the region.

This figure marks a 61% jump from the year-ago figure of 6.59%, as well as an increase of almost 1% from first quarter 2002. Net absorption for the county was 498,497 sf for the second quarter, giving the county a total of 533,558 sf of negative absorption for the first two quarters of 2002.

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