710 S. San Gabriel Blvd., San Gabriel, CA
5.85 Acres of Land
Sale Price: $31,000,500
Through the managed bid process, the Team achieved a total of 26 offers. Multiple buyer interviews were conducted and the Team achieved approximately $13 Million of additional value for the client, beyond where other firms had originally valued the property. Additionally, the buyer closed within 45 days, all cash.
404 N. Halstead Street, Pasadena, CA
12,365 SF Office/Flex
Sale Price: $4,700,000
The Team identified and secured a buyer looking to occupy the property for their own use. The property was fully occupied by two tenants and the challenge was removing one of the tenants prior to the close of escrow. The team helped successfully negotiate a lease termination with one of the existing tenants and made sure the property was delivered partially vacant at the close of escrow.
2600 Mission Street, San Marino, CA
15,000 SF Multi-Tenant Office
Sale Price: $5,000,000
The property was placed on the market 100% leased. Many of the tenants were paying substantially under-market rents with very poorly written lease agreements. Through our select mailing campaign, the Team identified a buyer who lived near the property. This buyer was looking for an investment near his home and who understood the complexity of this value-add opportunity. The Team successfully closed the transaction, despite poor record keeping by the current property manager and an abundance of errors on existing lease documents.