Orange Bakery Acquires 54,088 SF Industrial Facility In Irvine For $30.7 Million From Randy Kendrick

Orange Bakery acquired a newly built industrial facility at 17751 Cowan Ave. in Irvine. The asset spans 54,088 square feet and was purchased for $30,700,000, equating to a price per square foot of approximately $568. The transaction reflects a strategic move by the buyer amid a softening industrial market in Orange County.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,700,000
• Buyer: Orange Bakery
• Seller: Randy Kendrick - Xebec Realty
• Broker: Sean Ahern - Lee & Associates
• Address: 17751 Cowan Ave, Irvine
• Square Footage: 54,088
• Price per Square Foot: $568

This transaction was facilitated by Sean Ahern from Lee & Associates, representing the buyer in this significant deal. The acquisition indicates strong demand for high-quality, purpose-built industrial assets, indicating a focused growth strategy by Orange Bakery in the current market conditions.