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3/02/15
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A 77.5k sf industrial warehouse property in Garden Grove sold for $9.245 mil, or $119/sf. The property is located at 10781 Forbes Ave, south of the 22 Fwy and west of Euclid St.
Mike Bouma, Paul Caputo, and Eric Smith of Voit Real Estate Services’ Anaheim office represented the seller, Paskin 2003 Trust. The buyers, Latif and Qudsia Mahjoob, were repped by Jason Abboud of Lakeside Realty.
“There is definitely a shortage of quality buildings for sale in most Southern California markets with end users expanding further out from their current location to find the right building. As a great example, the last two users we sold larger buildings to in this area migrated into Orange County from the Los Angeles area. ” noted Caputo.
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