Alere Property Group Acquires Industrial Asset In Orange For $21.9M

The industrial business park located at 1481 N Main St, Orange, CA, 92867 has been acquired by Alere Property Group for $21.9 million. The property, known as North Orange Industrial Park, encompasses three buildings with a total of 138,970 square feet of industrial space. The park is situated in the Orange market and was purchased in an off-market transaction from an undisclosed seller. At the time of sale, the property was fully occupied by a mix of light industrial and distribution users.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $21,900,000.00
• Address: 1481 N Main St, Orange, CA, 92867
• Market: Orange
• Square Footage: 138970

Loren Cargile and Michael (Mike) Cargile of Voit Real Estate Services acted as the buyer's representatives in the acquisition of the North Orange Industrial Park. The buyer in this transaction, Alere Property Group, successfully closed the deal for the industrial business park in Orange. The involvement of the Cargile brothers from Voit Real Estate Services was pivotal in ensuring the completion of this off-market purchase.