Lee & Associates – Pasadena, Inc. Successfully Brokers Sale of Industrial Condominium in Irwindale, CA
Pasadena, CA – June 30, 2026
Single-tenant industrial property sells to Avnan Capital, a Canadian based electronics manufacturing investment firm as demand for strategically located San Gabriel Valley industrial remains strong.
Irwindale, Calif. — June 30, 2026 — Lee & Associates – Pasadena, Inc. announced today the successful off-market sale of a 9,634 square foot industrial condominium at the IRSCO Park Association, an industrial condominium complex located on Azusa Canyon Road south of Arrow Highway in Irwindale, California. The property was purchased for $3.3 million ($342.54 per square foot) by a subsidiary of the parent company of the existing tenant.
The transaction was facilitated by Dan Bacani, Founding Principal at Lee & Associates – Pasadena, Inc., who represented the buyer and seller, The Seredian Family LLC.
The 30-unit, 6.27 acre industrial complex is situated within close proximity to the I-605 and I-210 freeways, two major transportation corridors in the San Gabriel Valley.
“Investor and user demand for well-located industrial with reasonable 53’ trailer access, ample power and 20’ plus clear height continues to be exceptionally strong,” said Mr. Bacani. “The transaction underscores the importance of our submarket across national borders as Avnan Capital reinforces its confidence by committing to Irwindale to expand its business. I am pleased to deliver an outstanding result for both parties.”
“The successful sale at 5116 Azusa Canyon Road demonstrates that well-positioned industrial properties continue to command significant investor and owner-user attention as there was competition for the property,” Bacani added. “I generated competitive interest from a 1031 investor looking to diversify its holdings from Los Angeles based multifamily to reliable income from credit tenants in business friendly communities.” Ultimately, the seller decided to work with the existing tenant’s parent company due to the positive relationship they had enjoyed as landlord and tenant.
Lee & Associates – Pasadena, Inc. provides comprehensive investment sales, leasing, and municipal advisory services throughout Southern California, specializing in industrial, retail, shopping centers, restaurants, office properties, multifamily and mixed-use developments.
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| Dan Bacani Founding Principal 626.240.2781 [email protected] License ID 01385413 |
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Lee & Associates – Pasadena is a full service commercial real estate company headquartered in Pasadena, CA. Our client-focused brokers specialize in office, retail, tenant advisory, multifamily, and investment sales. As the fastest-growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, Follow Us!
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