REP Commercial Negotiates $5.47 Million Sale of 200,000 SF Industrial Building in Volney, New York

IRVINE, CA – REP Commercial, Inc., a dynamic, full-service commercial real estate brokerage and management services company specializing in the sale, leasing, repositioning, management and disposition of client properties, announced today the company represented the buyer in the sale of a 200,000-square foot warehouse in Volney, New York. The purchase price was $5,474,200.

The property, Owens/Brockway Glass Container building, located on Great Bear Road in Volney, NY, sits on 16.82 acres. The seller, Nutting/Rice Volney, LLC was represented by Jeff Matulis of Stan Johnson Company in Tulsa, OK. The buyer, Copeland Realty of Redlands, Calif., was represented by David Oden of REP Commercial in Irvine, Calif.

Oden stated, “This is an excellent opportunity for Copeland Realty. It provides them with a NNN leased investment at a 12 percent cap rate.” The building was 100% tenant occupied at the time of the sale.


About REP Commercial, Inc.

REP Commercial is a dynamic, full-service commercial real estate brokerage and management services company specializing in the sale, leasing, repositioning, management and disposition of client properties. As a majority owned subsidiary of one of the fastest growing privately funded real estate investment and management firms in the nation, Real Estate Partners, Inc., REP Commercial capitalizes on its highly experienced executive teams, a nationwide network of brokers and affiliates, and proprietary technological advantages to provide exceptional performance in every facet of its business. Headquartered in Irvine, California, the firm aggressively pursues investor and tenant opportunities in all major real estate markets. Providing clients with real estate service unparalleled in the industry, REP Commercial maximizes each opportunity through a suite of creative value-added services, industry relationships and market knowledge. For more information, visit www.repcommercial.com or call 949.585.7640.