Garden Grove, CA., (September 14, 2017) – Mike Bouma, Senior Vice President, and Eric Smith, Senior Associate, of Voit Real Estate Services’ Anaheim office successfully directed the $7,125,000 million sale of a 40,840 square-foot industrial facility in Garden Grove, on behalf of the seller, The Realty Associates Fund X, L.P., based out of Boston, MA. The buyer, Exelon Realty LLC, a privately owned real estate company based out of Encino, CA, was also represented by Mike Bouma and Eric Smith of Voit Real Estate Services.
“Strong market fundamentals in the Orange County Industrial market, a credit tenant, an excellent Garden Grove location and a long tenancy of similar uses made this property very attractive,” according to Bouma.
The property is located at 7142 Chapman Avenue and 12031/51 Industry Street in Garden Grove.
About Voit Real Estate Services
Voit Real Estate Services is a privately held, broker owned Southern California commercial real estate firm that provides strategic property solutions tailored to clients’ needs. Throughout its 45+ year history, the firm has developed, managed and acquired more than 64 million square feet, managed $1.4 billion in construction projects and completed in excess of $46.5 billion in brokerage transactions encompassing more than 44,500 brokerage deals. Voit’s unmatched expertise in Southern California brokerage, investment advisory, financial analysis, and market research enable the firm to provide clients with forward looking strategies that create value for a wide range of assets and portfolios. Further information is available at www.voitco.com.