The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 28, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Lake Forest Industrial Building Trades in $9.4 Mil Deal


A 33.8k sf industrial building in Lake Forest sold for $9.4 mil, or $278/sf. Built in 1997, the property is located at 25871 Atlantic Ocean Dr, west of the 241 Toll Road off Bake Pkwy.

The concrete tilt-up structure sits on nearly two acres of land zoned for traditional light industrial and manufacturing use. It is occupied by an online retailer who has no plans to vacate the building.

Richard Schwartz and Joey Reaume with Colliers International represented the buyer, a private investment group based in Los Angeles. The building sold at a capitalization rate of 4.75%.

“When we found the building listed for sale, we were as surprised as anyone since industrial properties in Orange County, especially occupied buildings with long lease terms remaining in central urban infill locations like Lake Forest, are a rarity these days,” Schwartz said. “At this price and at this cap rate, it was a simple equation for our client, who when informed of the opportunity said, ‘Buy, buy, buy!’”

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media