January 30, 2020
Voit Real Estate Services’ Mike Bouma and Paul Caputo identified and completed the $7.5 million acquisition of a 38,156 square-foot industrial building located at 12570 Industry St. in Garden Grove, CA, on behalf of the private buyer, The Smith Family Trust.
The seller, First GEM Properties, LLC, was represented by Chris Migliori and Paul Gingrich of DAUM Commercial Real Estate Services.
The Smith Family Trust will use a portion of this property for the expansion of its Garden Grove-based business, Teacher Created Resources, with the remaining portion of the building occupied in a multi-tenant format.
According to Teacher Created CEO Darin Smith, “Mike and Paul were able to identify an excellent investment opportunity for us in this tight market. The property will meet our current expansion needs, while providing an excellent source of rental income from the existing tenants, and potential future expansion as our business continues to grow.”