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.

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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.

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[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.

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The building, called Pacific Commerce Center, was developed in2003 by Sares-Regis Group and is 100% leased to three tenants.Scruggs says that the buyer was looking for a core product thatwould serve to build its portfolio.

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"This type of product very rarely trades in this area, so thebuyer saw this as an excellent investment opportunity because ofits stable cash flow and strong real estate fundamentals," Scruggssays. "As a result, we were able to trade at a cap rate that isextremely low in today's market environment." According to Chao,demand remains strong in the San Gabriel Valley because it is acentral point to service the L.A. Basin.

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