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Irvine Industrial Sold for $9M

Grimmway Mgmt Sells 25,000-SF Facility
January 18, 2018
Natura City LLC purchased the industrial building at 2602 McGaw Ave. in Irvine, CA for $9 million, or about $367 per square foot, from Grimmway Management.

The industrial building, located on a 1.9-acre parcel in Orange County, totals 24,500 square feet. It was built in 1979, and today is fully leased to Sparton Corporation.

Steve Schloemer of Colliers International and Timothy Strader Jr. of Starpointe Ventures represented the seller. Grace Zhu with Champion Character represented the buyer.

Please reference CoStar COMPS #4087265 for more information on this transaction.
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