Industrial Value Adds Hot Properties

Another fact about the OC industrial market: there are still a lot of opportunities to do value-add deals, Avison Young principal Alan Pekarcik, in the Irvine office, tells us (he's on the right with colleague Dan Vittone). Recently Alan and Dan, along with Voit Real Estate’s Sam Olmstead, repped the seller, Pacific Systems, and the buyer, Burke Real Estate Group, in the sale of 45k SF 17392 Daimler St in Irvine. Alan says that the buyer intends to renovate the property, formerly occupied by Fidelity National Title, and take it to market for lease or for sale.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Orange County Newsletters
Related Stories

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

GID, StepStone Complete $985M Secondary Deal For Industrial Portfolio

Developers In Talks With TSMC Suppliers For $7B Halo Vista Mixed-Use Project

BKM Capital Isn't Tapping The Brakes On Its $3B Industrial Buying Spree

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Data Centers Fuel Busiest Industrial Market Since 2022