JUST SOLD: Automotive Service Commercial Project Trades For $222 PSF
Transaction Summary:
CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 19116 & 19130 E Walnut Drive North in Rowland Heights, CA at a price of $6,658,000 ($222 PSF). The industrial property was 100% leased and was developed specifically to meet the heavy automotive demand of one of the largest industrial submarkets in the country.
Gary Stache, Anthony DeLorenzo, Mark Shaffer, and Doug Mack of CBRE represented the seller, Stos Partners. The foreign buyer was represented by an outside broker.
Seller Quote:
“I would like to thank the Investment Properties-So Cal team for successfully selling our automotive property. Through their extensive database they were able to secure a foreign buyer through an outside broker. The team was able to navigate the challenges of the sale process and ultimately found the right buyer for the asset. Thanks again.”
– CJ Stos, MRED, Principal, Stos Partners
Article source: CBRE