PRESS RELEASE | 12821 Knott Street, Garden Grove, CA 92841
Real estate investment trust company, Rexford Industrial Realty, Inc., has acquired a 120,800 SF industrial building at 12821 Knott St., located in Garden Grove. The value-add property sold for $19.8 million, or $164/SF, and was funded using cash on hand.
The Seller's broker, Dave Dilday of Pacific Coast Commercial stated, "the Buyer purchased the building with the intent to add an additional 45,000+ SF of new warehouse space to attract a tenant interested in warehouse, manufacturing and distribution in a very strong location off the Garden Grove Freeway (CA-22) at the Knott Ave exit.”
The high-visibility, freeway frontage property is situated on 6.97 acres of land and is currently vacant.
Seller Representation: Dave Dilday, Pacific Coast Commercial
Seller Name: Brutten/Reynolds, LLC
Buyer Representation: Clyde Stauff, Colliers International
Buyer Name: Rexford Industrial Realty, L.P
Escrow Company: Commerce Escrow
Title Company: Fidelity
Agent Contact Information:
Director, Land Development & Investment Sales
DISCLAIMER: This blog/article has been curated from an alternate source and is designed for informational purposes to highlight the commercial real estate market. It solely represents the opinion of the specific blogger/author and does not necessarily represent the opinion of Pacific Coast Commercial.
All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner of will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.
Keywords: San Diego Commercial Real Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In San Diego, San Diego Investment Real Estate, Commercial Property Management In San Diego, San Diego Commercial Property Management, Commercial Property Management San Diego, Managed Commercial Property San Diego, Commercial Property For Sale San Diego, San Diego Commercial Real Estate Leasing, Top Real Estate Agents in San Diego, Commercial Property in San Diego, Property Management Company San Diego, Real Estate Agent in San Diego, San Diego Commercial Real Estate