Commercial Real Estate

Office sale lease back in LA


FOR IMMEDIATE RELEASE

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.75 MILLION OFFICE SALE LEASE BACK NEAR DOWNTOWN LOS ANGELES

November 14, 2011

LOS ANGELES, CA – A national magazine publisher has sold one of its two Los Angeles office buildings at 2417 Beverly Boulevard for $1,750,000 to a local investor and owner/user janitorial company which will occupy half of the building and the seller will lease back the other half for three years.

“This was a rare purchase opportunity near Downtown with both user potential and investment income.” Michael Rojas said. The building size is 10,720 Square Feet and sits on a 30,632 Square Foot lot. And Mr. Rojas added “Additionally, the land size allows for future development of the property.”

The team of Michael Rojas, William Althouse, and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller, 2401 Beverly LLC. Brian Rhie of AB Real Estate represented the buyer, Sun Kee Hong.