7/15/2008

Voit closes sale of 11 buildings in Valencia Industrial Park

by

Valencia Business Park

Voit Commercial Brokerage has negotiated the sale of 11 industrial buildings in the Valencia Business Center for $21.3 million.

Voit's Mike Hefner and Mike Vernick represented the Magellan Group, which sold the combined 115,515 square feet of space in the 25 building complex. Approximately 106,000 square feet remain.

Located at E. Valencia Drive and Sally Place, 25 buildings ranging from 5,117 square feet to 26,816 square feet make up the Valencia Business Center.

Buildings included in the sale:

- 1324 E. Valencia Drive, a 7,818 square foot industrial building, was acquired by Sung-Ho Kim for $1.5 million.

- 1344 E. Valencia Drive, a 7,850 square foot industrial building, was acquired by WCP Enterprises for $1.5 million.

- 1376 E. Valencia Drive, a 14,587 square foot industrial building, was acquired by Ying-Ching Wu for $2.6 million.

- 1332 E. Valencia Drive, a 7,618 square foot industrial building, was acquired by Kiwan Kang for $1.5 million.

- 1364 E. Valencia Drive, a 7,968 square foot industrial building, was acquired by JAJ Management for $1.5 million.

- 1388 E. Valencia Drive, a 11,908 square foot industrial building, was acquired by Theodore Hoyt for $2.2 million.

- 1400 E. Valencia Drive, a 10,637 square foot industrial building, was acquired by CK REI, LLC for $1.9 million.

- 1488 E. Valencia Drive, a 11,908 square foot industrial building, was acquired by Yoo's Investment, LLC for $1.9 million.

- 601 Sally Place, a 13,810 square foot industrial building, was acquired by James Lehner for $2.5 million.

- 535 Sally Place, a 10,467 square foot industrial building, was acquired by Minh To for $1.9 million.

- 575 Sally Place, a 10,912 square foot industrial building, was acquired by Seacliff Investments for $2 million.

Address: E. Valencia Drive and Sally Place, Fullerton, Calif.

Size: 115,515

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Filed Under: Industrial

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