The property asset involved in this transaction is a manufacturing building located at 1049 South Melrose Street Unit C in Placentia. The building encompasses a total area of 20,150 square feet and was sold for $5,000,000, translating to a price per square foot of $248. This fully leased facility is situated within an industrial park.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Square Footage: 20,150
• Address: 1049 South Melrose Street Unit C
• Market: Placentia
• Price per Square Foot: $248
• Broker: Marie Taylor - NAI Capital
• Seller: A trust
• Buyer: Undisclosed

The deal was brokered by Marie Taylor, representing NAI Capital. This transaction highlights a significant movement within the industrial sector, specifically regarding the sale of a fully leased manufacturing property. The intermediary in this transaction was a commercial brokerage, NAI Capital, which facilitated the movement of this asset from the seller to the undisclosed buyer.