DAUM REPRESENTS BUYER IN THE ACQUISITION OF A 61,048 SQ. FT. TECH/FLEX BUILDING IN HUNTINGTON BEACH, CAJun 5, 2014
DAUM Commercial Real Estate Services announced today that it represented buyer in the acquisition of a 61,048 square foot tech/flex building in Huntington Beach, CA. The property is located at 15391 Springdale Street and consists of a 61,048 square foot building on 2.78 acres of land. The building was built in 1984 and offers 24’ clearance, 37,816 square feet of office space, dock-high loading, 1,200 Amps of power and 3.2 per 1,000 parking. The total consideration of the sale was $6,440,564 ($105.50 PSF).
Harry Okula of DAUM’s South Bay office and Jim St. Omer Roy of DAUM’s Newport Beach office represented the buyer, Springdale Street Limited Partners, while Brad Bierbaum and Ryan Peterson of CBRE represented the seller, TYR Sport, Inc., in the transaction.
Aranda Tooling Inc., based in Huntington Beach, CA will be occupying the entire building and has now doubled their total square footage in Huntington Beach to 120,000 square feet to accommodate their business growth. Aranda Tooling Inc., has been in business for almost 40 years and specializes in the production of high volume metal stamping and metal fabrication (including laser cutting and robotic welding). They also maintain global manufacturing locations in Singapore and India, and have 120 employees in Huntington Beach and 300 worldwide. Aranda Tooling’s largest industry served is the automotive sector, however they also serve the renewable energy, medical, industrial, and aerospace sectors, among others. They have over 50 presses in their stamping departments and 4 high speed laser cutters in their metal fabrication department. Aranda Tooling’s success is due to their commitment to quality, which remains their highest priority.
DAUM Commercial Real Estate Services provides a full array of commercial real estate services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management. Founded in 1904, DAUM is California’s oldest and most experienced commercial real estate brokerage company. DAUM has 9 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.
DAUM Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network. More information is available at www.oncorintl.com.