NEWPORT BEACH, CA—Three new industrialacquisitions have been completed in South Orange County,illustrating a growing trend in the demand forinvestment properties, particularly in theindustrial sector. According to Brian Cole ofCBRE, who represented the buyer in each of thethree sales, the transactions reflect the current, highlycompetitive environment where multiple offers and all-cash buyersare becoming the norm.

First, the 39,250-square-foot industrial space at 33033Camino Capistrano in San Juan Capistrano was purchased byU-Haul in an all-cash sale transacted at $5.6million. U-Haul was selected as the buyer from a pool that includedthree other offers. GlobeSt.com has learned that the seller was theRenken Co., a real estate investment company outof Los Angeles.

“U-Haul was able to offer all cash and close quickly, which wascritical,” says Cole. “Not only does an all-cash offer ensure asmooth process, but it allows sellers to avoid having to get anappraisal on the property, so there is definitely a preference forthese types of buyers.”