Industrial site snagged outside Orange County

Building includes large office space

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Orange County, Calif., investors have purchased a substantially improved, 116,000-square-foot industrial building on six acres of land in nearby Corona. The value of the transaction was $8.4 million. Orange Investment Partnership LLC purchased property, located at 725 E. Harrison St., from Newport Hill Corp. At the time of sale, the entire building was occupied by Myers Power Products, a designer and manufacturer of electrical service products, emergency power systems, medium voltage switchgear or powerhouses, and lighting products. The Corona building is a freestanding, concrete tilt-up structure featuring 16,000 square feet of office space and on-site parking for 228 cars. GVA DAUM, a commercial real estate brokerage operating in Southern California and Arizona, brokered both sides of the transaction. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....