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8/27/20
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A 48.2k sf industrial building in Fullerton sold for $10 mil, or $207/sf. The buyer will be occupying the property, located at 1450 Manhattan Ave, for its business, Omni Metal Finishing.
1450 Manhattan Avenue is ideally located just north of the 91 Fwy, providing convenient access to other Southern California submarkets. It features 21-foot minimum clearance, eight grade level doors, one dock high door and a large fenced yard.
JLL’s Byron Foss, Wade Tift, Nick Carey and Steffan Morris represented the buyer, Salher LLC. The seller, Kanasardas Investment LLC, was repped by Jim deRegt of Lee & Associates.
"Orange County continues see strong demand from a diverse range of industrial users," said Foss. "Salher LLC was attracted to the property’s close proximity to its other locations, access to the major freeways, ports and labor pools, in addition to recently completed and planned industrial developments throughout the Fullerton submarket.”
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