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December 10, 2017
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ORANGE COUNTY NEWS
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OC Industrial Asset Traded at $175/sf

9/29/17

Exelon Realty LLC, a privately owned real estate company based out of Encino, paid $7.125 mil for a 40.8k sf ($175/sf) industrial facility in Garden Grove. The property, made up of two connecting locations at 7142 Chapman Ave and 12051 Industry St, was sold by The Realty Associates Fund X, L.P., based out of Boston.

Mike Bouma and Eric Smith with Voit Real Estate Services represented both parties in the transaction.

“Strong market fundamentals in the Orange County Industrial market and an excellent Garden Grove location made this property very attractive to the investor,” noted Bouma. “Additionally, the property benefits from a long-term lease with Time Warner /Spectrum, which was recently acquired by Charter Communications, one of the largest cable operators in the United States.”




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