Voit Real Estate Services/CORFAC Directs $6.15 Million Sale of Industrial Property
Poway, CA (August 4, 2014) – Brian Mulvaney, CCIM, SIOR, Senior Vice President and Josh West, Associate, both in Voit Real Estate Services/CORFAC International's San Diego office, successfully directed the $6.15 million sale of a 56,386 square-foot industrial building in Poway on behalf of Atomic Investments, Inc. The buyer, a local investment firm, will add this property to their existing portfolio.
According to Mulvaney, “Atomic Investments acquired the 50% leased property on a speculative basis, understanding that there is a very limited supply of available options in the 20,000 to 30,000 square-foot size range in the Poway submarket.”
“The sales price reflects a good value in the current market, which allows the new owner to be competitive in future lease transactions,” according to West.
The property is located at 12250 Kirkham Road in Poway.
About Voit Real Estate Services/CORFAC International
Voit Real Estate Services is now an 11 office commercial real estate firm that, through its brokerage and real estate management professionals working together, provides strategic property solutions tailored to clients' needs. Combining more than 40 years of expertise in brokerage, investment advisory, financial analysis, market research, real estate management and tenant advisory, Voit provides clients with forward looking strategies that create value for their assets and portfolios.
Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 55 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $40 billion in brokerage transaction volume. Further information is available at www.voitco.com.