NAI Capital Commercial’s EVP, Marie Taylor, of the Investment Service Group recently closed a successful sale of a 20,150-square-foot multitenant manufacturing building in Placentia. Representing the seller – a trust – Taylor secured an impressive sale price of $4,995,000 or $248 per square foot.
This prime property is located at 1049 S Melrose St Unit C within Orange County’s North industrial submarket. It is part of a well-planned industrial park spanning over 4 acres and comprising 11 buildings with a total area of 158,580 square feet. The strategic location offers easy access to major highways such as the Riverside (91) Freeway and Orange (57) Freeway for convenient connectivity to downtown Los Angeles which lies approximately 35 miles away.
According to Taylor: “This multitenant manufacturing building boasts an excellent location in North Orange County’s thriving industrial submarket. The motivated seller was delighted with multiple offers that met their asking price.” She further added that there continues to be high demand from investors for quality industrial properties like this one at competitive prices.
The article originally appeared on Connect CRE.
