Anaheim, Calif. – Mike Hefner, Executive Vice President, in Voit Real Estate Services’ Anaheim office is pleased to announce the $19,600,000 sale of a 130,474 square-foot three-building industrial portfolio in Corona. Hefner represented both the seller, a private investor, and buyer, a real estate investment manager, TH Real Estate, in the transaction.
“All three buildings are occupied under a long-term lease by Thoro Packaging and serve as the corporate headquarters, manufacturing and distribution facilities for the Corona-based packaging company, a wholly owned subsidiary of Autajon, a French owned company with over 4,200 employees and 36 subsidiaries worldwide,” according to Hefner. “The Buyer, TH Real Estate, one of the largest institutional owners of Southern California industrial real estate with an existing portfolio of 16.2 million square feet, intends to hold the buildings as a long-term investment.”
The three properties are located at 1467 & 1468 Davril Circle and 1461 Railroad Street in Corona, Calif.
Voit Real Estate Services is a privately held, broker owned Southern California commercial real estate firm that provides strategic property solutions tailored to clients’ needs. Throughout its 45+ year history, the firm has developed, managed and acquired more than 64 million square feet, managed $1.4 billion in construction projects and completed in excess of $48.1 billion in brokerage transactions encompassing more than 46,000 brokerage deals. Voit’s unmatched expertise in Southern California brokerage, investment advisory, financial analysis, and market research enable the firm to provide clients with forward looking strategies that create value for a wide range of assets and portfolios. Further information is available at www.voitco.com