Industrial Outdoor Storage Site Sells to Car Dealer

DAUM Commercial Real Estate Services completed the sale of a 1.78-acre industrial outdoor site with five pre-existing storage buildings in Orange. The sale price was $8.6 million.

Mike Barreiro, Dennis Holt and Devin Ray of DAUM Commercial represented the seller, a private family trust. The buyer was represented by Mitch Wright of Bob Wright Industrial Property.

Located at 760 Batavia St., the property is well suited for its new owner, McPeek’s Chrysler Dodge Jeep of Anaheim. The McPeek sales showroom is less than two miles north of the site. McPeek needed the extra outdoor space for additional service facilities and fleet storage.

“The industrial outdoor market in Orange County is driven by extremely short supply, particularly for well-located sites within five miles of most of the county’s population,” said Barreiro. “This factored heavily into the success of this transaction, helping our client hit the highwater mark of $110 per square foot, based on the property’s total acreage, for North Orange County sales. Only one other industrial site transaction in the same market crossed the $100 per square foot mark in the past 12 months.”

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Inside The Story

DAUM Commercial's Barreiro

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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