The medical office complex, which is across the street from theLittle Company of Mary Hospital, includes two acres of developableland and a 383-space parking lot in addition to the threebuildings. The complex was built in 1962 and is 100% leased.

According to Meisenbach, who represented the buyer, the newacquisition complements another property that KF Properties ownsone block away. Seller G&L Realty represented itself in thetransaction.

[IMGCAP(2)]In the City of Industry transaction, CBRE reports outthat the 125,957-sf class A industrial building at 21301-21307Ferrero Parkway traded for an extremely low cap rate for industrialproduct in the San Gabriel Valley submarket, and for SouthernCalifornia in general, at just 4.63%. The seller was MaxkingInternational LLC, while the buyer was an institutional investoroperating as NP 21301 Ferrero Parkway Inc. Both the buyer and theseller were represented by CBRE's Gary Stache, Pat Scruggs, JasonChao and Anthony DeLorenzo.