The Capital Markets Group of the Irvine office of Lee & Associates, the largest broker-owned commercial real estate firm in North America, has negotiated the $27.45 million sale of the Von Karman Industrial Park, a 104,677-SF industrial facility located at 16902 & 16912 Von Karman Avenue in Irvine, CA.

Senior Vice Presidents Ryan Swanson, Kurt Bruggeman and Philip Cohen of the Capital Markets Group, represented the seller, Beachbreak Properties, LLC. The buyer, a private investor, represented themselves.

“When the bidding was opened, we received more than 20 offers and 150 confidentiality agreements that were signed,” said Mr. Swanson of the Capital Markets Group, noting that the PSF was $263 with a cap rate of 4.75%.

Built in 1979, the Von Karman Industrial Park was renovated in 2012 and has a current occupancy rate of 100%.

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