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2/02/22
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Magellan Value Partners acquired a 21.2-acre land parcel in the San Gabriel Valley city of South El Monte. The property is located at 825 Lexington Gallatin Rd, immediately off State Route 60 (also known as the Pomona Fwy) at the Santa Anita Blvd exit.
Dennis Sandoval, Robert Dipre and Kevin Sandoval with DAUM Commercial Real Estate Services represented the seller, Carlson Family Trust.
“While this land presents tremendous potential as one of the last freeway-fronted development sites in the L.A. Basin, the sale required us to identify a buyer with the expertise and resources to navigate a location within a 100-year flood zone,” explained Dennis Sandoval. “We were ultimately able to communicate the value of this highly visible location and secure a buyer who was able to make the significant investment of due diligence time and capital needed in order to position the subject property for future development.”
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