Placentia, CA – April 25, 2025 – We are pleased to announce the successful sale of 1101 Richfield Road, Placentia, CA, a premier corner-lot industrial property located within Miraloma Business Center, a professionally managed business park.
The Seller, Davcal, and the Buyer, Chin Kim, closed the transaction for a total consideration of $3,052,000. “It was a very competitive process as we received multiple offers in the first couple of weeks of hitting the market. The Seller eventually went with an all-cash Buyer who was able to close quickly,” said Bryan Miller of Lee & Associates | Orange.
This 7,492-square-foot, high-image warehouse facility, featuring excellent Richfield and Miraloma frontage and signage, was highly sought after.
Originally built in 1991, the property offered:
- 400 amps, 120/208v, 3-phase electrical service
- ±16-foot minimum warehouse clearance
- Two (2) ground-level doors (12’x14’ each)
- ±3,000 SF of efficient office space, plus bonus second-floor office
- Easy access to the 91, 55, and 57 freeways
- Sprinklered building and excellent parking ratio (1.87/1,000 SF)
The property’s strategic location, superior functionality, and outstanding visibility contributed to strong buyer interest and a swift transaction.
Jaimeson Hearne, Marshal Vogt, and Bryan Miller, all Principals of Lee & Associates | Orange, represented the Seller.
About Lee & Associates-Orange
Lee & Associates Orange provides the commercial real estate user, owner and developer with real solutions to their business and operational space requirements. We have earned a reputation for high ethical standards, a service-first approach and superior market knowledge. Lee Orange has 45 plus professionals practiced in selling and leasing of industrial, office, flex, retail, land, medical and research & development properties. Since 1983, we have assisted clients throughout Southern California with a focus on Orange County, Western Riverside County and the Mid-Counties area of Los Angeles.
Like all the Lee offices throughout North America, Lee & Associates Orange is owned by us, the brokers. As owners, we have a vested interest in helping each other succeed, which encourages collaboration and the sharing of vital information necessary to optimize results for our valued clients. The Orange office of Lee & Associates was the first expansion location of visionary Bill Lee, who started the company in 1979.
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