The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 14, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Exchange Investor Sells Two Properties and Buys another in Three San Gabriel Valley Deals Totaling $37 Mil


A private investment entity, 2000 Gold Limited Partnership, completed a 1031 exchange that entailed the sale of two buildings and the acquisition of a third property, all in the San Gabriel Valley. The transactions totaled $37.07 mil.

The three properties total 149.2k sf of space. Ryan Campbell, SIOR, with NAI Capital Commercial and Tony Naples of Lee & Associates brokered the deals.

The dispositions were for a 22.3k sf flex/office building at 2630 Corporate Pl in Monterey Park and a 49k sf industrial property in City of Industry. Built in 1985 and situated within Corporate Center Business Park on an 81k sf parcel, 2630 Corporate Pl sold for $7.22 mil, equating to $324 per square foot.

The property at 901 S Stimson Ave, comprised of four warehouses on a 120k sf lot, sold for $13.25 mil, or $270 per square foot. The new owner of the Stimson property, a battery energy storage system (BESS) operator, plans to raze this site to connect it to the power grid and provide energy storage, capacity, and ancillary services.

The sale proceeds were then utilized by 2000 Gold Limited Partnership for the 1031 Exchange. They acquired a 77.9k sf, 100% occupied two-story, Class B office building, built in 1986, on 4.54 acres at 2525 Corporate Pl in the city of Monterey Park. The asset was purchased for $16.6 mil, or $213 per square foot.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media