Millken Business Center
Ontario, California |
Brea Canyon Business Park
Walnut, California |
SIOR brokers Michael Hefner, Alan Pekarcik, and Dan Vittone of Voit Commercial Brokerage sold Milliken Business Center and Brea Canyon Business Park, two class “A” multi-tenant industrial parks totaling over 230,000 sq. ft, for CIP Real Estate to Colony Realty Partners.
Park |
S.F. |
Sale Price |
Price PSF |
# of Units |
Unit Size |
Occupancy |
Cap Rate |
| Milliken Business Center |
157,711 |
$24,100,000 |
$152.81 |
86 |
525 - 7,675 SF |
99.58% |
5.30% |
Brea Canyon Business Park |
79,839 |
$12,675,000 |
$158.76 |
36 |
1,204 – 5,420 SF |
100% |
5.40% |
Daniel N. Vittone
SIOR
Voit Commercial Brokerage
2020 Main Street, Suite 100
Irvine, CA 92614
(949) 851-5100
dvittone@voitco.com |
Alan S. Pekarcik
SIOR
Voit Commercial Brokerage
2020 Main Street, Suite 100
Irvine, CA 92614
(949) 851-5100
apekarcik@voitco.com |
Michael A. Hefner
SIOR
Voit Commercial Brokerage
3500 W. Orangewood Ave.
Orange, CA 92868
(714) 978-7880
mhefner@voitco.com |
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