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8/02/18
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West Coast Capital Partners has acquired 12800 Center Court Drive South, a five-story, 105k sf Class A office building in Cerritos. The property was sold by an affiliate of Transpacific Development Company.
Built in 2009, the property is situated on approximately 3.5 acres and is 91% occupied by five tenants. 12800 Center Court features unique architecture with an iconic dome as its centerpiece, high-end contemporary finishes, efficient floor plates and ample surface parking. It is also well-located within Cerritos Towne Center, a 125-acre mixed-use development consisting of office, hotel, the Cerritos Center for the Performing Arts, retail stores, and over a dozen restaurants including Starbucks, Wood Ranch BBQ, Macaroni Grill, and Mimi’s Café.
Kevin Shannon, Paul Jones, Ken White, Blake Bokosky and Brandon White of NKF Capital Markets represented the seller in the deal. West Coast Capital Partners was in a 1031 exchange and was self-represented. The price was not disclosed.
“12800 Center Court is a quality asset that was developed and maintained by TDC since it was completed nine years ago,” said Jones. “This building offered the buyer a strong income stream with fixed annual rental increases. Cerritos is a strategic location for many corporations/tenants because it is located in the middle of Orange and Los Angeles Counties.”
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