As citybiz reported, DAUM Commercial Real Estate Services has finalized an off-market industrial building transaction located within the city of Huntington Beach. The commercial property transaction successfully closed at a total price of $3.5 million. When broken down by the physical dimensions of the structure, this final transaction amount equals about $434 per square foot. According to the recorded transaction details, the commercial building spans a total of 8,060 square feet. Furthermore, the physical structure sits upon a land parcel that measures 0.45 acres in total size.
In terms of the representation and corporate entities involved in this commercial real estate deal, Mike Barreiro and Devin Ray acted as the professional representatives for the seller, Dermikol Investment LLC. On the purchasing side of the transaction, Brookshire Holdings LLC acquired the industrial asset. The records indicate that Brookshire Holdings LLC purchased the property specifically for the explicit purpose of occupying operations at the location.
Regarding the physical attributes and historical background of the real estate asset itself, the property was originally constructed in the year 1981. The specific physical address where the industrial building is situated is 17941 Brookshire Lane, located within the local Orange County market. Mike Barreiro provided additional descriptive context regarding the physical nature of the asset, telling citybiz, "The property was a well-maintained, freestanding concrete tilt-up in desirable south Huntington Beach."
Additional insights into how the transaction materialized were also shared regarding the brokerage side of the deal. Mike Barreiro detailed the background of the client relationship to citybiz, noting, "The seller was referred to us by a past client of ours."
Beyond the specifics of this individual industrial building sale on Brookshire Lane, broader real estate conditions across the region offer additional context for the commercial transaction. Data concerning the wider Orange County industrial market indicates that the market vacancy rate recently dropped by 16 basis points, bringing the overall regional vacancy down to a figure of 6.38 percent. Simultaneously, financial metrics tracking the broader commercial real estate landscape show that year-to-date sales volume has climbed significantly, hitting a total of $1.83 billion. This robust financial activity represents a notable 30.7 percent increase in sales volume compared to prior metrics within the region's active industrial sector.
