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April 16, 2014

Brand New Industrial Bldg Sells for $27.3M

CoStar Group

Justin Mcclure

Western Realco sold the newly -constructed industrial building at 2201 E. Cerritos Ave. in Anaheim, CA to Rangar West, Inc. for more than $27.26 million, or $130 per square foot.

The 5-Star distribution facility was a speculative project which delivered with 32-foot clear heights, 46 loading docks, and a fenced lot. The buyer provides logistic services and will occupy the entire 209,715-square-foot property.

Jeff Read and Greg Osborne of Newmark Grubb Knight Frank represented the seller. Todd Clarke with Kidder Mathews and Peter Castleton of Voit Real Estate Services represented the buyer.

For more information on this transaction, please see CoStar COMPS #2995094.

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