Deercreek Yorba Linda LLC Acquires Industrial Property From Bob Istwan For $22.25M In Tustin

The transaction involves a 55,022-square-foot industrial property located at 2692 Dow Avenue in the Tustin Legacy District, with a sale price of $22,250,000. The property features approximately $3 million in upgrades, comprising 25,000 square feet of office space alongside nearly 30,000 square feet of warehouse space. The acquisition was made by Deercreek Yorba Linda LLC, with Motive Energy and its CEO Bob Istwan acting as the seller.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,250,000
• Square Footage: 55,022
• Address: 2692 Dow Avenue
• Market: Tustin
• Buyer: Deercreek Yorba Linda LLC
• Seller: Bob Istwan - Motive Energy
• Brokers: Peter Castleton, Adam Hill, Mitch Zehner & Michael Zehner - Voit Real Estate Services

Voit Real Estate Services successfully facilitated the sale-leaseback transaction involving this industrial property, further demonstrating their role in the commercial real estate market. The brokers Peter Castleton, Adam Hill, Mitch Zehner, and Michael Zehner played key roles in managing the transaction to completion.