Voit Real Estate Services recently closed the $22,250,000 sale-leaseback of a 55,022-square-foot industrial trophy asset located in the Tustin Legacy District. Peter Castleton, EVP and partner of Voit’s Anaheim office, represented the seller, Bob Istwan, CEO of Motive Energy, a nationally recognized leader in advanced energy and connectivity technologies.
“This was a highly strategic sale-leaseback that secured long-term occupancy for the seller while delivering an institutional-quality investment to a private buyer,” said Castleton.
The property, located at 2692 Dow Ave., features more than $3 million in improvements designed to support high-performance operations, engineering, and technological development. It offers 25,000 square feet of headquarters office and and nearly 30,000 square feet of warehouse space with five loading doors. Adam Hill, Mitch Zehner and Michael Zehner, senior members of the Zehner Hill Industrial Group from Voit’s Irvine office, represented the buyer, Deercreek Yorba Linda LLC, a local private investor.
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