Industrial site snagged outside Orange County

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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