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California  + Los Angeles  + Industrial  | 

Irwindale Business Park Will Be Divided into Industrial Condos

Voit Real Estate Services closed the $10,053,160 sale of 1400-1430 Arrow Hwy. in Irwindale, CA. EVP and partner Michael Hefner of Voit’s Anaheim office represented both the seller, DJ CRT, LLC, and the buyer, Dunbar Real Estate Investment Management.

The 51,487-square-foot multi-tenant industrial and distribution park, comprised of three grade-level freestanding buildings with a total of 16 units, traded at $195.26 per square foot. It was only 56% occupied at the close of escrow as a result of recent fire damage.

Dunbar will extensively renovate the business park and process a new parcel map to create individual industrial condominiums, according to Voit. The units will be offered for sale to owner-users and investors.

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Inside The Story

Voit's Hefner

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).

  • ◦Sale/Acquisition
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