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IRVINE, CA-Sellers of industrial buildings in Orange County rank fourth in the nation in terms of how they fare when they sell their properties, according to a new study by brokerage Sperry Van Ness.

The study ranks markets according to the average price per sf that buildings are selling for, along with average cap rates and other factors to determine how a geographic market stacks up against other parts of the country.

The report says owners in Orange County command an average of $86.25 per sf for their industrial buildings, actually the third-highest price per sf among the top 10 sellers’ markets in the report. The average cap rate for sales in Orange County is 9.27%, second only to the 9.38% average cap rate in Phoenix.

Seattle was the top-ranked sellers’ market in the study, followed by Ventura County, California and San Diego County. Sperry Van Ness says a number of buyers in 10-31 exchanges are taking the proceeds from top sellers’ markets and re-investing them in the buyers’ markets. Top-ranked buyers’ markets were Columbus, Philadelphia and Houston, where yields are high and prices per sf remain low.

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