IRVINE, CA-Ace Antenna Company Inc., a designer and manufacturer of wireless antennas, bought an 11,000-sf industrial building with mezzanine office space at 9201 Irvine Blvd. in the Allred Business Center from a private family trust for $1.65 million.

Sam Olmstead of Voit Commercial Brokerage tells GlobeSt.com that the seller bought the building about a year ago and initially sought to lease it. The building, one of about 15 in the Allred Business Center, stayed on the leasing market for about four or five months, he says. But the weak leasing market after Sept. 11 prompted the seller to put the property up for sale, and the buyer came along about 60 days later.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 © 2024 ALM Global, LLC. All Rights Reserved.