NAI Capital Completes Sale of 19,700 SF Industrial Building Tustin, CA
Irvine, CA, Wednesday, March 22, 2017– JR Williamson, senior vice president with NAI Capital represented the buyer Calara Properties, LLC on the purchase of a 19,700 square foot industrial warehouse in Tustin, Calif. The transaction totalled $3,791,200 or $192.45 per square foot. The seller was Healing Word International.
The property is located at 14281 Chambers Rd. Built in 1978, it is a freestanding concrete-tilt-up with 18’ clear height, four grade level doors and one dock high door. Refurbished 2002, it features an 8,100 square foot two-story office and R&D area. The property sits on a 1.13 acre land parcel and is situated within minutes to The Market Place and The District at Tustin Legacy. The property was fully vacant at the time of the sale.
Williamson said, “My client was attracted to the size, location, and price of this asset. We are optimistic and project that as the Tustin area continues to see new development in residential, commercial and retail product, property values will continue to increase. The property will be repositioned as a new lease opportunity offering 9,000 - 10,000 square feet as space options.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 375 offices and 6,700 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com
About NAI Global
Founded in 1978, NAI Global is a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific. The firm manages over 380 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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