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

DHS Buys 3 More Detention Facilities From The Geo Group For $950M

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

Amazon, LA Olympics Organizer Take Over 39-Acre Site Formerly Home To Forever 21

Delin Secures €227M Loan To Refinance Dutch Logistics Fund

Structural Design Decisions Can Box Owners In. The Right Partner Can Help Them Make More Informed Decisions

Fort Worth Offers Incentives To Land Nearly $200M Harting Connectivity Plant

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

Morgan Stanley Fund Buys 189K SF Milpitas Industrial Building

Cushman & Wakefield Wins Assignment To Sell Would-Be ICE Detention Facilities

CoreCivic Gets Third Leader In A Year After CEO Resigns

Construction Tech Firm Kahua Secures Bain Capital Investment At $1B Valuation