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VOIT REAL ESTATE SERVICES DIRECTS THE SALE OF 5 BUILDINGS AT VALENCIA BUSINESS CENTER FOR $4.5 MILLION
FULLERTON, Calif., (February 17, 2010) – Voit Real Estate Services, a member of CORFAC International, has represented SCIF Fullerton, LLC in the sale of five industrial buildings totaling 31,175 square feet in Fullerton, Calif. for $4.5 million.
The five buildings are part of a newly developed 221,253 square-foot industrial business park, The Valencia Business Center, which is comprised of 25 buildings ranging in size from 5,117 square feet to 23,816 square feet.
“We were able to secure five buyers in a market with minimal demand through aggressive pricing structure and extensive exposure of the project’s desirable features,” said Mike Hefner, Executive Vice President, of Voit Real Estate Services’ Anaheim Metro office.
The five properties included in the recent sales are:
- 1456 & 1476 E. Valencia Drive, an 11,117 square foot industrial property, was acquired by Phillip Dionne for $1.6 million.
- 1372 E. Valencia Drive, a 7,818 square foot industrial property, was acquired by Terry Fleming for $1.1 million.
- 1432 E. Valencia Drive, a 6,590 square foot industrial property was acquired by Kyong Son for $950,000.00.
- 1424 E. Valencia Drive, A 5,650 square foot industrial property was acquired by Joe Yoon for $800,000.00.
The Valencia Business Center is located at the intersection of East Valencia Drive and Sally Place in the city of Fullerton, Calif., in close proximity to the Fullerton Amtrak Station Platform and with excellent access to the 91, 57 and 5 Freeways.
Mike Hefner and Mike Vernick of Voit Real Estate Services’ Anaheim Metro office represented the seller in each of the five sales transactions. Hefner and Vernick also represented two of the four total buyers in the transaction.
Hefner and Vernick are the exclusive marketing representatives for the remaining six industrial buildings at the Valencia Business Center. More information about the development is available at www.vbcfullerton.com.
Voit Real Estate Services is one of the largest privately owned, debt-free commercial real estate services firms serving both institutional and private clients in the Western United States. With offices in California, Nevada and Arizona, Voit Real Estates Services can scale asset management, property management, market research, property leasing and sales, financial underwriting, construction and development services to its clients’ individual needs in any market. The firm’s nearly four decades of real estate ownership experience, combined with its asset management platform, provides clients with strategic alternatives, which allow owners of distressed real estate assets to maximize proceeds while minimizing risk.
Voit Real Estate Services was founded in 1971 by Robert D. Voit, who continues to lead the firm. Known for its personal, nimble and responsive service culture, Voit Real Estate Services has developed, acquired or managed more than 40 million square feet of commercial real estate and transacted sales and leases valued in excess of $25 billion. Additional company information is available at www.voitco.com.
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