11/5/2008

KIFLP Investments pays $8.3M for Anaheim development site

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KIFLP Investments has purchased a 213,444-square-foot land parcel in Anaheim, Calif., for $8.3 million from Costa Mesa-based bkm Development.

Michael Bouma and Michael Hartel of Voit Commercial Brokerage represented the buyer while the negotiations for BKM were handled by Jeff Chiate of Cushman & Wakefield.

The land parcel is located near the Anaheim Canyon Metrolink Station at 1401 Jefferson St. It was previously used as an automobile storage yard and is currently undergoing improvements.

"The slowing economy has created some excellent real estate investment opportunities for investors with sufficient equity," Bouma said. "Our client had the necessary equity to acquire this property and the return on investment will be outstanding due to the excellent location of the property."

Address: 1401 Jefferson St., Anaheim, Calif.

Size: 213,444 square feet

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Filed Under: Land

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