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July 9, 2020
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Gadget Properties Acquires Industrial Property in Anaheim


Gadget Properties, a general contractor, recently purchased a 34k sf industrial building in Anaheim for $8.45 mil, or $248.50/sf.

The structure sits on a 1.85-acre lot at 1700 E. Winston Rd, within two miles of both the I-5 and SR 57 in Southeast Anaheim. The majority of tenants in this neighborhood are tile and flooring distributors, such as the occupier of this building.

The freestanding building includes a 3k sf office/showroom, 18 clear height, one dock-high door and three grade-level doors. The property also features a paved yard and 75 parking spaces.

Keith Greer of CBRE represented the private seller in the transaction. The buyer was repped by an outside broker.

In the third quarter of 2019, the average asking lease rate for industrial properties in Orange County was $0.95 per square foot, representing a 3.3% increase year-over-year, according to a recent CBRE Research report. Vacancy in Orange County decreased by 164k sf and remained at 2.3%.

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