3325 E. La Palma, Anaheim
Address: 3325 E. La Palma, Anaheim
Description: 63,774 Sq. Ft. Class A Industrial Building
Seller: 3325 La Palma, LLC
Buyer: LBA Realty, LLC
Assignment: Represented a private ownership in the disposition of an institutional-quality building
Result: The Voit Team represented the Seller, 3325 La Palma, LLC, in marketing the 63,774 Sq. Ft. Class A industrial building located in the Anaheim Concourse Business Park, North Orange County’s premier 1.3 million sq. ft. master planned business park. Voit was able to generate ten strong offers from Southern California’s most active industrial owners and developers, ultimately selecting LBA Realty LLC as the buyer at $25,350,000, a record North Orange County price per square foot of $397.50.
LBA Realty LLC purchased the fully leased investment opportunity with a new ten year lease in place with Norman S. Wright Mechanical Equipment Corporation, wholly-owned subsidiary of Norman S. Wright Climatec Mechanical Equipment, one of the premier and comprehensive suppliers of HVAC products and services in the Southern California market.