7872 Walker Street, La Palma, CA
CBRE’s Investment Properties-SOCAL team is pleased to announce the sale of 7872 Walker Street, a two-story 59,245 SF medical office building on 2.15 acres in La Palma, California to a user who plans on renovating and occupying the building. The property was approximately 60% vacant at the time of sale near an under-performing hospital in a sluggish leasing environment.
Mark Shaffer, Gary Stache, Anthony DeLorenzo and Doug Mack of CBRE represented the seller, Jamison Services, Inc. The buyer was represented by an outside broker.
Through our systematic marketing approach and proprietary database we were able to secure the needle in the haystack buyer who paid a premium for the property.
Specifics of the Transaction are as Follows:
- Offering Packages Downloaded: 320
- Offers: 4
We continue to see users paying premiums over investment values for office properties with significant vacancy. If you would like us to advise you on how to maximize the value of one of your assets that has vacancy, please give us a call.
Since 2011, our team has sold or has in escrow 156 transactions valued in excess of $1.49 Billion.
Contact Information
Gary Stache
Lic. 00773736
+1 949 725 8500
gary.stache@cbre.com
Mark Shaffer
Los Angeles
Lic. 01253743
+1 213 613 3758
mark.shaffer@cbre.com
Anthony Delorenzo
Lic. 01706686
+1 949 725 8425
anthony.delorenzo@cbre.com
Matt Pourcho
San Diego
Lic. 01705763
+1 858 546 4622
matt.pourcho@cbre.com
Nicholas Svendsen
Lic. 01940653
+1 949 725 8471
nicholas.svendsen@cbre.com
Doug Mack
Lic. 01804065
+1 949 725 8571
doug.mack@cbre.com
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