Lee & Associates and Voit Negotiate $5.147 Million Sale
VISTA, Calif.— June 10, 2014 — Lee & Associates Commercial Real Estate Services and Voit Real Estate Services are proud to announce the sale of La Mirada Business Park in Vista, California. The three-building multi-tenant project, totaling 75,977 square feet, sold for $5.147 million. Home to six tenants, the project was 100 percent occupied at the time of sale.
The Seller, Otay Terminal – La Mirada Dr., LLC was represented by Lee & Associates – North San Diego County, Rusty Williams, SIOR and Chris Roth and Voit, Randy LaChance, SIOR and Arthur Bleier. The Buyer, Catesgarb Holdings, was represented by Lee & Associates – City of Industry, Jeff Bethel.
“La Mirada Business Park has outstanding circulation, an ideal warehouse to office ratio, and a variety of unit sizes, providing a desirable product type for North County Industrial Tenants. Currently, there is a high amount of interest from investors for multi-tenant industrial projects like La Mirada Business Park. This project is positioned very well to capitalize on future rent growth,” said Rusty Williams, SIOR.
About Lee & Associates
Celebrating more than 35 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin. With more than 750 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information is available at www.lee-associates.com.