WESTMINSTER, CA-The Automobile Club of Southern California has a new landlord. An LLC of Sares-Regis Group sold the 68,708-sf industrial building to private investors for $6.4 million.

SRG Westminster was represented by a CB Richard Ellis team consisting of Ian Britton, Brad Bierbaum, Brian DeRevere and Bob Goodmanson. The buyers, which included a board member of the Bixby Land Co. , was represented by Terry Dickens of Bixby Land Co.

The building sits on 3.2-acres at 14700 Hoover St. It was completed in 2000 specifically for the Automobile Club. The organization signed a $2.7-million, five-year agreement with Sares-Regis Group last spring.

In two previous GlobeSt.com articles, due to erroneous information provided by some of the involved parties, it was reported first that the Bixby Land Co. purchased the buidling and later that the autombile club was the buyer. GlobeSt.com regrets the errors.

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