12000-12008 Aviation Boulevard in Los Angeles, a commercial property near LAX, has sold for $13,400,000.
12000-12008 Aviation Boulevard is a multi-story R&D building comprised of approximately 49,632-square feet on approximately 61,420-square feet of land. The building was fully leased at the time of sale to one tenant, Trident Dental Laboratories, a manufacturer of dental products. The area is home to several leading aerospace, and research and manufacturing companies, including Boeing, Northrop Grumman, Aerospace Corporation, and Raytheon.
“Through our broad marketing process, we received multiple offers and ultimately selected the perfect buyer in a 1031-Exchange.”,” said T.C. Macker, CCIM. The buyer purchased the building as an investment. The seller will be pursuing other investment opportunities in a 1031-Exchange.
T.C. Macker, CCIM, William B. Althouse and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.