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California  + Orange County  + Industrial  | 

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.

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Inside The Story

Voit's RogersLee & Associates' Fryer

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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