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Small Warehouse Commands Big Price Per Square Foot in Sale
Stefan Rogers, SVP and partner of Voit Real Estate Services’ Irvine office, directed the $3,200,000 sale of a 3,034-square-foot industrial building at 123 Monte Vista Ave. in Costa Mesa on behalf of the seller, an exotic car dealer. The buyer, a private individual, was represented by SVP Matt Fryer of Lee & Associates and plans to utilize the property for personal purposes.
“The unique property commanded an incredible $1,054 PSF due to the increasing demand for versatile small industrial buildings, particularly freestanding, secure properties with yards in mixed/use locations such as the subject property,” said Rogers.
According to Voit, the transaction represents the highest price per square foot for a non-redevelopment sale of an industrial building in Orange County in recent years.
- ◦Sale/Acquisition


