"This transaction was a favorable one for both the buyer and seller," comments Vittone. "The seller

Irvine, CA July 18, 2014 (RealEstateRama) Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $7.75-million sale of two, class A office buildings totaling 37,652 square feet (sf) in Murrieta, CA.
Irvine, CA July 18, 2014 (RealEstateRama) Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $7.75-million sale of two, class A office buildings totaling 37,652 budget rental car sales square feet (sf) in Murrieta, CA.
Built in 2004, the well-located buildings offer high visibility from Interstate 15. The first building in the acquisition is called Village Walk Corporate Center and is located at 41391 Kalmia Street. The three-story property totals 32,572 sf and was 96% occupied by 11 tenants at the close of escrow. The second building in the sale is located at 41381 Kalmia Street and totals 5,080 sf. The building is fully occupied by Pacific Western Bank.
The two assets are within the first phase of Village Walk Murrieta, budget rental car sales a 65-acre budget rental car sales mixed-use business park which includes more than 400,000 sf of upscale shops, restaurants, seniors housing and office buildings.
“This transaction was a favorable one for both the buyer and seller,” comments Vittone. “The seller was able to dispose of a stable asset that is outperforming the immediate submarket, and the buyer acquired a high-quality asset below replacement cost.”
Vittone budget rental car sales adds: “Murrieta has a growing population base that wants to work close to where it lives as opposed to commuting to employment centers such as San Diego or Orange County. budget rental car sales With that said, the Murrieta office market is poised to strengthen over the next few years.”
The City of Murrieta is situated within southwestern budget rental car sales Riverside County. Murrieta – part of the greater Temecula Valley market, which includes the cities of Temecula and Menifee – has emerged as a major employment center for the local area. Murrieta’s projected expanding employment base and the region’s affordable housing provide favorable conditions for commercial real estate investment now and in the foreseeable future.
Avison Young is the world’s fastest-growing commercial budget rental car sales real estate services budget rental car sales firm. Headquartered in Toronto, Canada, Avison budget rental car sales Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,500 real estate professionals in 58 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement budget rental car sales services to owners and occupiers of office, retail, industrial and multi-family properties
Irvine, CA - April 29, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $7.15-million sale of a class A office building totaling 58,854 square feet (sf) in Corona, CA....
Irvine, CA - June 11, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $6.65-million sale of a HighPark Corporate Center, a class A office budget rental car sales building totaling 37,579 square feet (sf) in Mission Viejo, CA...
Los Angeles, CA - May 27, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial budget rental car sales real estate services firm, announced today that it has completed a 15-year lease with Catalina Bar Grill, a dining and entertainment venue in the heart of Hollywood featuring some of the area’s most talented Jazz musicians. Valued budget rental car sales at $5.57 million, the lease totaled...
Los Angeles, CA - July 7, 2014 - (RealEstateRama) -- Christopher Cooper, Avison Young Principal and Managing Director of the company’s Southern California region, announced today the strategic hiring of industry veteran Gail Goldstein as a Senior Vice-President in the company’s West Los Angeles office....
ORANGE COUNTY, CA - January 3, 2012 - (RealEstateRama) -- Voit Real Estate Services’ Irvine office has successfully completed the $6.5 million sale of the Mission Foothills Professional Building, a 52,091 square-foot office property located at 20532 ......
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