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California  + Orange County  + Industrial  | 

Anaheim Industrial Fetches $6.8M in Rare Deal for Donated Asset

NAI Capital Commercial SVP Steven Ehrich with the Investment Services Group in Orange County negotiated the sale of an Anaheim industrial building, totaling 26,620 square feet. Ehrich represented the seller, a charitable foundation, in a rare transaction involving a donated industrial asset. The building sold for $6,842,000.

This multi-tenant industrial building is located in the North Orange County/Anaheim Canyon industrial submarket at 1441 N. Red Gum St. At the time of sale, the 12-unit property was 100% leased to six tenants.

Ehrich said, “The seller and donor saw this highly appreciated asset as an appealing opportunity to sell at rare value; and at the same time give back to the community.  This multi-tenant industrial building was available for the first time in over 30 years and generated an extreme amount of buyer demand. This sale will essentially allow the donor to distribute the proceeds to charitable nonprofit organizations as they direct.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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