The 400,000-sf facility, located at 2300-2330 Raymer Ave., was sold by Trust Company of the West. The space is currently 80% occupied with five tenants. The new owner plans to do some minor rehab to the complex's buildings..
Headquartered in the Brentwood area of Los Angeles, Hanover Financial Company is backed by the assets of Marcus & Millichap. Hanover provides equity investments in the $500,000 to $5-million range, typically representing 80% to 100% of the total equity required to capitalize an investment.
Both parties were represented by Louis Tomaselli and Mitch Zehner of Voit Commercial Brokerage.
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