JUST SOLD: WEST COVINA MEDICAL SQUARE
1539, 1541-1555 W. GARVEY AVE. NORTH | WEST COVINA, CALIFORNIA
CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 1539, 1541-1555 W. Garvey Ave. North located in West Covina, CA at a price of $5,900,000 ($261/SF). The 22,564 SF medical office building was 100% leased at the time of sale.
Mark Shaffer, Gary Stache, Anthony DeLorenzo, Doug Mack, Damon Feldmeth and Jackie Benavidez of CBRE represented the seller, De Pietro Limited. The buyer was in a 1031 exchange and was represented by an outside broker. The sale process involved a competitive bidding environment with 8 offers submitted.
Several of our last transactions have involved 1031 exchange buyers paying premium pricing. If you would like us to advise you on how to maximize the value of one of your assets, please give us a call.
Mark Shaffer | Los Angeles
+1 213 613 3758
+ 1 949 725 8532
+ 1 949 725 8425
+ 1 949 725 8571
Thomas Adelson | West Los Angeles
+1 310 550 2514
Matt Pourcho | San Diego
+1 858 546 4622
+1 949 725 8471
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