Lee & Associates - Newport Beach ~ 24,570 SF Industrial Building SOLD in Tustin, CA
Patrick Lacey of Lee & Associates-Newport Beach represented the Buyer, GL Franklin LLC, in its purchase of a 24,570 square foot freestanding industrial building located at 14341 Franklin Avenue, Tustin, CA for $5,100,000. GL Franklin LLC, a specialty cabinet manufacturing company, purchased the property for expansion of its business and will be relocating from its current location in Costa Mesa, CA. The property was ideally suited for the Buyer’s business with heavy power, an upgraded fire sprinkler system, a 5-ton crane, and a concrete paved parking area. The property was unlisted and the sale was made possible by an inter-office networking team at Lee & Associates-Newport Beach.
Lee & Associates-Newport Beach’s 44 real estate professionals sell and lease industrial, office, retail, investment, and multi-family properties throughout Orange County. This sale was the 46th industrial building sold by Lee & Associates-Newport Beach since February 2015.