Saturday, July 26, 2008

Orchid Park Nursery Sells for $2.8 Mil

Private Investor Purchases 4,5000-SF Retail Bldg. on 10.4-acre Lot

Kyung S & Woo Seung Chung purchased the property known as Orchid Park Nursery, at 2801-2929 Etting Rd. in Oxnard, CA. Total consideration for the sale was approximately $2.8 million, or about $623/square foot. The property is a nursery with a 4,500-square-foot retail building on a 10.4-acre lot. The current tenant, Taean Orchids USA Inc will continue to occupy the building under the new owner. John Lee of First Team Realty represented the seller, Sang Lee of Taean Orchids USA Inc. The buyer's broker was not disclosed. Please refer to CoStar COMP# 1520898 for further information.



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