Auto Wholesaler Leases Complex in Buena Park
A two-building complex on 4.4 acres in Buena Park has been leased to an unidentified automobile wholesaler, according to DAUM Commercial.
Terms of the lease were not disclosed.
The campus at 7015 Knott Ave. includes corporate offices, a showroom and warehouse space in 14,019 square feet, DAUM reps said.
Chris Migliori at DAUM Commercial represented the owner, Cal Hickel Holdings LP, securing a six-year lease for a single tenant.
“Our client had a prime, central Southern California location available that presented the potential to be utilized or adapted for a wide variety of uses, including warehousing and distribution, vehicle sales, or a parking lot,” Migliori said in a statement. “… We ultimately identified an automobile wholesaler and storage business that saw strong value in the asset’s existing facilities and 20:1 parking ratio.”
The north Orange County submarket has “tight vacancies of 1.24% in Q1,” according to a new DAUM report.