Lee & Associates Orange Completes $27 Million in Sales

ORANGE COUNTY, Calif. - Jan. 25, 2018 - PRLog -- Lee & Associates, the largest broker-owned commercial real estate firm in North America, is pleased to announce the completion of recent sales by the Orange office totaling approximately 128,000 square feet, located throughout Southern California. The total value of recent sales is approximately $27.8 million and includes the following transactions:

· 1426 – 1438 Collins in Orange, California – 26,268± SF Industrial building for a sales value of $3,530,000. Sold to Omanni LLC. David Williams of Lee & Associates represented both the buyer and the seller.

· 3020 S. Fairview Street in Santa Ana, California – 15,000± SF Industrial building for a sales value of $3,225,000. Sold to a private investor. Greg Diab of Lee & Associates represented the buyer and Lee McCullough of Colliers represented the seller.

· 633 Brea Boulevard in Brea, California – 8,474± SF Office building for a sales value of $2,805,000. Sold to MMN Investments. Erik Thompson and Bob Sattler of Lee & Associates represented the seller and David Williams of Lee & Associates represented the buyer.

· 1890 – 1894 N. Main Street in Orange, California – 14,129± SF Industrial building for a sales value of $2,846,000. Sold to T & T Properties. Allen Buchanan and Joshua Harper of Lee & Associates represented the buyer and Keith Greer and Ben Seybold of CBRE represented the seller.

· 1220 E. Hunter Avenue in Santa Ana, California – 8,732± SF Industrial building for a sales value of $1,975,000. Sold to a private investor. Jeff Gahagan of Lee & Associates represented the buyer and John Suggs of Lee & Associates represented the seller.

·  230 Crouse Drive in Corona, California – 11,127± SF Industrial building for a sales value of $1,965,000. Sold to Orsi Family Trust. Allen Buchanan and Joshua Harper of Lee & Associates represented the seller and Tom McAllister of CBRE represented the buyer.

· 11700 166^th Street in Artesia, California – 4,912± SF Industrial building for a sales value of $1,850,000. Sold to Artesia 166^th LLC. John Son of Lee & Associates represented both the seller and the buyer.

· 1767 N. Batavia Street in Orange, California – 5,530± Industrial building for a sales value of $1,675,000. Sold to Richard Schultz. Tom Grant of Lee & Associates represented the seller and Erik Messenger of Keller Williams represented the buyer.

· 618 N. Eckhoff Street in Orange, California – 7,357± SF Industrial building for a sales value of $1,618,000. Sold to Neves & Company Inc. Greg Diab and Jack Haley of Lee & Associates represented the buyer and Bryson Lloyd of Voit represented the seller.

· 21820 – 21830 Cactus Avenue in Riverside, California – 10,000± SF Office building for a sales value of $1,300,000. Sold to Pete Pendleton and Gina Dennis. Johnny Eubanks of Lee & Associates represented the buyer and Vindar Batoosingh of CBRE represented the seller.

· 1133 – 1137 N. Fountain Way in Anaheim, California – 6,832± SF Industrial building for a sales value of $1,250,000. Sold to Dave Family Trust. Johnny Eubanks of Lee & Associates represented both the seller and the buyer.

·     1010 S. Brookhurst in Fullerton, California – 2,350± SF Industrial space for a sales value of $1,200,000. Sold to Paul Chong and Hwan Lee. Rob Leiter of Lee & Associates represented the seller and Michael Yoon of New Star Realty represented the buyer.

· 10771 Los Alamitos Boulevard in Los Alamitos, California – 3,124± SF Office space for a sales value of $1,200,000. Sold to Sharon Yamanaka. Phil Fridd and Tom Gilmer of Lee & Associates represented the buyer and Tony DeSmet of Long Beach Realty represented the seller.

· 307 N. Brea Boulevard in Brea, California – 3,500± SF Office building for a sales value of $1,050,000. Sold to Alex Saca. Erik Thompson of Lee & Associates represented both the seller and the buyer.

· 1500 E. Katella Avenue in Orange, California – 1,079± SF Office space for a sales value of $377,000. Sold to Hanna DeBourg. Jaimeson Hearne and Marshal Vogt of Lee & Associates represented both the seller and the buyer.

Orange County, California average industrial lease rates – already in record territory – soared 10.5% in 2017, punctuating a strong seven-year recovery that has driven up rents 48% while pushing vacancy rates to historic lows and sale prices to new highs, as reported in the Lee & Associates Market Report.

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Lee & Associates Orange provides the commercial real estate user, owner and developer with real solutions to their business and operational space requirements. Lee Orange has 45 plus professionals practiced in selling and leasing of industrial, office, flex, retail, land, medical and research & development properties. Since 1983, we have assisted clients throughout Southern California with a focus on Orange County, Western Riverside County and the Mid-Counties area of Los Angeles. For the latest news from Lee & Associates - Orange, visit http://www.lee-associates.com/orange/ or follow us on Facebook (LeeAssociates); LinkedIn (Lee&Associates-Orange), Instagram (LeeAssocOrange) and Twitter (@LeeAssocOrange).