REBusinessOnline

LAKE FOREST INDUSTRIAL BUILDING SELLS FOR $13M

LAKE FOREST, CALIF. – A 103,000-square-foot industrial building in Lake Forest has sold to CT Realty for $13 million. The light manufacturing/warehouse building is located at 20 Icon within the Foothill Ranch Business Park.

The Class A building is currently vacant.The CT Realty affiliate plans to implement a capital improvement program to improve the existing building. Gregory Ozimec of Industrial Brokers Inc. represented both the buyer and seller, a private real estate investor, in this transaction.

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