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10/28/20
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In a recent industrial sales comp out of Orange County, a 24.6k sf industrial building in Placentia sold for $5.28 mil ($215/sf). The property is located at 625 S. Fee Ana St, north of the 91 Fwy and just east of Richfield Rd.
After completing significant renovations, the buyer intends to occupy the property and will operate as P5 Graphics. The sale was completed with Seller financing and was in escrow for 60 days.
The buyer, PKR Investments, was represented by James deRegt and Jonathan Mejia of Lee & Associates – Newport Beach. The seller, Temporary Power Solutions, was repped by Keith Greer of CBRE.
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