Anaheim, CA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of a single-tenant industrial property located at 710 and 818 E Katella Ave Anaheim, CA. The property features 2.2 acres of land, plotted between entertainment destinations Disneyland and Los Angeles Angel’s Stadium. The transaction was brokered by Associate Carter Hadley and First Vice President and Senior Director Alexander Harrold.
Matthews’ agents represented the seller, a local business owner looking to sell the property after closing current business operations to enter retirement. The seller received an all-cash offer and an on-time closing.
“We worked closely with the seller to identify their main goals and match those with a prospective buyer,” Hadley said. “We sourced an offer from a very qualified buyer that we knew would be able to close within the client’s desired timeframe.”
The buyer, an institutional REIT, bought the property with the main goal to hold onto and redevelop the land as the surrounding area grows. The buyer received a valuable asset that fit their investment criteria.
“This land aligned perfectly with the buyer’s long-term business strategy,” Harrold said. “Being between popular destinations, this lot is a prime opportunity for future redevelopment.”
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
Recent Media & Thought Leadership