Cerritos, CA—September 29, 2020— Lee & Associates Orange, has sold a 109,368 Sq.Ft. freestanding industrial building for $22,260,000.00. The building is located at 12836 Alondra Blvd., Cerritos, CA 90730 in the Cerritos Industrial Park. Property features include 10 dock high loading positions, 24’ clear warehouse space with a fenced yard and major street frontage on Alondra Boulevard.
The property went into escrow just before the COVID pandemic and was successfully closed which resulted in setting the highest sales comp in the market for buildings over 100,000 square feet in 2020.
Jeff Gahagan, SIOR Principal of Lee & Associates’ Orange office, represented the Seller.
About Lee & Associates-Orange
Lee & Associates Orange provides the commercial real estate user, owner and developer with real solutions to their business and operational space requirements. We have earned a reputation for high ethical standards, a service-first approach and superior market knowledge. Lee Orange has 45 plus professionals practiced in selling and leasing of industrial, office, flex, retail, land, medical and research & development properties. Since 1983, we have assisted clients throughout Southern California with a focus on Orange County, Western Riverside County and the Mid-Counties area of Los Angeles.
Like all the Lee offices throughout North America, Lee & Associates Orange is owned by us, the brokers. As owners, we have a vested interest in helping each other succeed, which encourages collaboration and the sharing of vital information necessary to optimize results for our valued clients. The Orange office of Lee & Associates was the first expansion location of visionary Bill Lee, who started the company in 1979.