Champion Paving Expands Operations in Anaheim

ANAHEIM, Calif. - April 5, 2017 - PRLog -- Dave Hunsaker and James Meyer of Lee & Associates Orange assisted CPI Ventures LLC in the expansion of their paving and asphalt operations via a 1031 Tax Deferred Exchange that involved two industrial properties valued at $5.65 million.

CPI Ventures, which conducts business as Champion Paving, sold a one-acre industrial yard located at 1426 S. Allec Street in Anaheim for $2.55 million and purchased a 14,500-square-foot industrial building with a 1.6-acre yard located at 1175 N. Van Horne Way in Anaheim for $3.1 million.

Capital Investment Group, LLC, represented by Luke Hudson of Lee & Associates Orange, purchased the Allec Street property, to be used as a second location for their towing business.  Bayer/Erickson Partnership, represented by Wally Courtney of Paul Kott Realtors, sold the Van Horne property.

"This was a great opportunity for both CPI Ventures and Capital Investment Group to expand their operations in a market that has very little industrial yard space available," per Hunsaker.

Hunsaker and Meyer are members of the North Orange County Industrial Group of Lee & Associates which provides a full-service approach tailored to each client's needs, objectives and resources.

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About Lee & Associates

Lee & Associates - Orange has a team of 50 agents and brokers that have provided expert commercial real estate services in and around Orange County, since 1983. Lee & Associates is the largest broker-owned firm in North America with locations throughout the U.S. and more than 800 brokers nationwide, providing a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates - Orange, visit http://www.lee-associates.com/orange/ or follow us on Facebook at facebook.com/LeeAssociates; LinkedIn at Linkedin.com/company/lee&associates-orange, and Twitter @LeeAssocOrange