COMMERCIAL REAL ESTATE NEWS
Untitled Page
Voit Real Estate closes the year with a strong showing
The company says it directed the biggest deal in Huntington Beach for 2010.
BY CAITLIN ADAMSPublished: December 14, 2010 10:27 AM
Newport Beach-based Voit Real Estate Services is closing the year strong after directing the largest industrial building sale for 2010 in Huntington Beach.
The property, a 38,149-square-foot industrial facility at 5482 Argosy Ave. near Bolsa Chica Street and the 405 freeway, was sold to Teach Created Materials Inc., a Huntington Beach-based publishing company. The price: $3.6 million.
Officials involved in the deal said that it was the fourth building in 18 months that was sold after Voit introduced the idea of owner financing.
Mike Bouma of Voit’s Anaheim Metro office represented the seller, H and E Graham Trust. Terry Rylski of Coldwell Banker/Campbell Realtors represented Teacher Created Materials in the sale.
“Although owner and user sales activity has increased in recent months, buyers are still searching for unique opportunities in the form of well-located properties that offer attractive pricing and financing,” Bouma said. “We were able to offer the incentive of owner financing for this property and played an active role in promoting and negotiating terms that worked well for both parties.”
Related headlines
Conexant Systems sells Newport Beach property
Surf City's Pierside Pavilion makeover moves forward
Melia Homes unveils plans for two O.C. developments
|
||||
|
The property, a 38,149-square-foot industrial facility at 5482 Argosy Ave. near Bolsa Chica Street and the 405 freeway, was sold to Teach Created Materials Inc., a Huntington Beach-based publishing company. The price: $3.6 million. Officials involved in the deal said that it was the fourth building in 18 months that was sold after Voit introduced the idea of owner financing. Mike Bouma of Voit’s Anaheim Metro office represented the seller, H and E Graham Trust. Terry Rylski of Coldwell Banker/Campbell Realtors represented Teacher Created Materials in the sale. “Although owner and user sales activity has increased in recent months, buyers are still searching for unique opportunities in the form of well-located properties that offer attractive pricing and financing,” Bouma said. “We were able to offer the incentive of owner financing for this property and played an active role in promoting and negotiating terms that worked well for both parties.” Related headlines Conexant Systems sells Newport Beach property Surf City's Pierside Pavilion makeover moves forward Melia Homes unveils plans for two O.C. developments |
||||
