ANAHEIM, CA – March 14, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the sale of a premier industrial property located at 1940 W. Corporate Way in Anaheim, California.
The property, spanning 15,885 square feet, boasts prime industrial condo space in a strategic Orange County location. Featuring essential amenities, including 100% HVAC coverage, 18-foot clear heights, two grade-level loading doors, fire sprinklers, and a robust power supply, 1940 W. Corporate Way offers a highly functional and adaptable workspace for tenants.
One notable aspect of the property is its commitment to sustainability, exemplified by the presence of solar panels on the roof. Not only do these panels promote environmental responsibility, but they also offer potential cost savings for occupants, aligning with modern business priorities.
Stream Vice Presidents Chad Dixon, Geoff Foley, and Peter Joyce facilitated the transaction on behalf of a private seller.
The sale process was highly efficient, with Stream procuring for competitive offers within a remarkably short marketing period of less than 60 days. The transaction was swiftly executed with a private all-cash investor and closed within 21 days. Despite the challenges posed by current capital market conditions and the property’s short-term remaining lease, the sale resulted in a positive outcome for the seller.
“We are extremely pleased with the outcome of the sale of 1940 W. Corporate Way,” said Dixon. “Our team’s dedication to excellence, combined with the property’s compelling attributes and prime location, led to a successful transaction that surpassed expectations. Through a competitive bidding process with multiple offers, we navigated a lockstep sale journey with our client. This win underscores our dedicated pursuit of delivering unparalleled outcomes for our clients.”
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.
