"The buyer got a pretty good deal," says Kevin Kopp, anassociate with the local office of Lee & Associates whorepresented the seller, the Los Angeles-based Kline FamilyPartnership, along with Jan Fincham and Pat Dempsey. He points outthat the building sold under market value at just $63 per sf.
Kopp tells GlobeSt.com that the buyer, HR-II LLC, plans tooccupy about 2,000 sf and will lease the remaining space to othermedical users. The buyer was represented by Ray Cashen of locallybased Cashen Realty Advisors. In addition to the building, HR-IIacquired an adjacent land track to increase the amount of availableparking.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
