Steven Ehrich, Senior Vice President of NAI Capital Commercial’s Investment Services Group in Orange County, successfully negotiated the sale of a 26,620 square foot industrial building in Anaheim. The seller was a charitable foundation and this transaction was unique as it involved a donated industrial asset. The property sold for $6,842,000.
Located at 1441 N. Red Gum St., this multi-tenant building is situated in the highly sought-after North Orange County/Anaheim Canyon industrial submarket. At the time of sale, all twelve units were fully leased to six tenants.
According to Ehrich: “The seller saw an opportunity to not only sell their appreciated asset at great value but also give back to the community through this rare donation deal.” This property had not been on the market for over thirty years and generated significant interest from buyers. With this successful sale, the donor can now distribute proceeds towards various charitable nonprofit organizations as they see fit.
