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Tom Ling Of Advantage Mailing Buys Industrial Building From TTM Technologies In Anaheim

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SOLD
$26,800,000

California

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Industrial95,700 SF
Sold 06/05/2024
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SOLD

Tom Ling Of Advantage Mailing Buys Industrial Building From TTM Technologies In Anaheim

3140 East Coronado Street

See Similar Deals
Industrial95,700 SF
Sold 06/05/2024
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$280
Total Square Footage:95,700 SF
Transaction Type:Sale

An industrial building spanning 95,700 square feet located at 3140 East Coronado Street in Anaheim has been sold for $26.8 million. The property was acquired by Advantage Mailing from TTM Technologies at a price of $280 per square foot, marking the largest owner-user deal in Orange County in five years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,800,000
  • Buyer: Tom Ling - Advantage Mailing
  • Seller: TTM Technologies
  • Broker: Keith Greer - CBRE
  • Address: 3140 East Coronado Street
  • Market: Anaheim

Tom Ling, leading Advantage Mailing, made the purchase of the industrial property. Advantage Mailing is planning to move from a leased facility in Placentia to this new location in Anaheim after investing $4.8 million in renovations. The relocation is expected to be completed within six to nine months post the acquisition.

Players

Keith Greer
3 deals$63.4M volume(714) 394-0546
BROKER

Details

SOLD
IMAGE: Tom Ling & Keith Greer DATE: 06/05/2024 ADDRESS: 3140 East Coronado Street MARKET: Anaheim ASSET TYPE: Industrial BUYER: Tom Ling - Advantage Mailing SELLER: TTM Technologies BROKER: Keith Greer (@KeithBgreer) - CBRE (@CBRE) SALE PRICE: $26,800,000 SF: 95,700 ~ PPSF: $280 NOTE: Advantage Mailing, led by Tom Ling, purchased a 95,700-square-foot industrial building in Anaheim for $26.8 million from TTM Technologies, marking the largest owner-user deal in Orange County in five years. The acquisition, at $280 per square foot, signifies an expansion for Advantage, which plans to relocate from a leased facility in Placentia, anticipating occupancy within six to nine months after $4.8 million in renovations.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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