{"id":3357,"date":"2025-01-02T14:38:05","date_gmt":"2025-01-02T22:38:05","guid":{"rendered":"https:\/\/www.lee-associates.com\/pasadena\/?p=3357"},"modified":"2025-01-02T14:38:05","modified_gmt":"2025-01-02T22:38:05","slug":"lee-associates-pasadena-successfully-closes-3223-del-mar-avenue-in-rosemead","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/pasadena\/2025\/01\/02\/lee-associates-pasadena-successfully-closes-3223-del-mar-avenue-in-rosemead\/","title":{"rendered":"Lee &amp; Associates &#8211; Pasadena Successfully Closes 3223 Del Mar Avenue in Rosemead"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3360 size-medium alignleft\" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2025\/01\/MLS_1-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2025\/01\/MLS_1-300x200.jpg 300w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2025\/01\/MLS_1-1024x684.jpg 1024w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2025\/01\/MLS_1-768x513.jpg 768w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2025\/01\/MLS_1-1536x1026.jpg 1536w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2025\/01\/MLS_1-272x182.jpg 272w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2025\/01\/MLS_1.jpg 1797w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/strong><\/p>\n<p><strong>January 2, 2025 (Pasadena, CA) \u2013 <\/strong>Lee &amp; Associates \u2013 Pasadena<\/p>\n<p>Principal,\u00a0<a href=\"https:\/\/www.lee-associates.com\/pasadena\/david-chen\/\">David Chen<\/a>\u00a0and \u00a0Associate,\u00a0<a href=\"https:\/\/www.lee-associates.com\/pasadena\/gregory-kho\/\">Gregory Kho<\/a>, represented the Buyer and the Seller in a sale and leaseback of 3223 Del Mar Ave, Rosemead, CA 91770.<\/p>\n<p>3223 Del Mar Ave is a two story 6,484 sf property built in 1991, with 3 separate office\/medical office units. The Seller\u2019s built the office building themselves and have occupied the majority of the building, while generating rental income from the two smaller units.<\/p>\n<p>Our Sellers were a group of CPAs looking to exit their partnership with one retired and the other 3 on their way to retirement. They requested a leaseback to help transition all parties in a smooth and equitable manner along their individual timelines. The transaction was complex as there were 4 decisionmakers on the Seller side, which also required signatures from their 4 spouses.<\/p>\n<p>\u201cThe leaseback was a difficult request as the most likely buyer would be an owner-user looking to occupy immediately or within a few months. Fortunately, we represented another international CPA firm that is growing and consolidating offices that was willing to be flexible with their move in date.\u201d explains David Chen<\/p>\n<p>\u201cThis transaction had significant moving parts that required daily communication with the Sellers, Buyer and Buyer\u2019s Lender; a new lease was created for the sale-leaseback, the existing lease from the current tenant was transferred, all with terms acceptable to the Sellers, the Buyer and the Buyer\u2019s lender. This was a great close for both our clients as we were able to help facilitate a smooth transition while achieving everyone\u2019s objective.\u201d explains Gregory Kho.<\/p>\n<p>&nbsp;<\/p>\n<table style=\"border-collapse: collapse;width: 100%\">\n<tbody>\n<tr>\n<td style=\"width: 16.6667%\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2662\" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2022\/11\/David-Chen.png\" alt=\"\" width=\"191\" height=\"207\" \/><\/span><\/strong><\/span><\/td>\n<td style=\"width: 16.6667%\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2631\" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2022\/10\/Gregory-Kho.png\" alt=\"\" width=\"191\" height=\"207\" \/><\/span><\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 16.6667%\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\"><a href=\"https:\/\/www.lee-associates.com\/pasadena\/david-chen\/\">David Chen<\/a><br \/>\n<\/span><\/strong><\/span><span style=\"font-family: arial, helvetica, sans-serif\"><span style=\"font-size: 10pt\"><strong>Principal<br \/>\n<\/strong><\/span><\/span><span style=\"font-family: arial, helvetica, sans-serif\"><span style=\"font-size: 10pt\">626.240.2778<br \/>\n<a href=\"mailto:dchen@lee-associates.com\">dchen@lee-associates.com<\/a><br \/>\n<\/span><span style=\"font-size: 10pt\">License ID 01923629<\/span><\/span><\/td>\n<td style=\"width: 16.6667%\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\"><a href=\"https:\/\/www.lee-associates.com\/pasadena\/gregory-kho\/\">Gregory Kho<\/a><br \/>\nAssociate<br \/>\n<\/span><\/strong><span style=\"font-size: 10pt\">626.240.2725<\/span><span style=\"font-size: 10pt\"><br \/>\n<\/span><a href=\"mailto:gregory.kho@lee-associates.com\"><span style=\"font-size: 10pt\">gregory.kho@lee-associates.com<\/span><\/a><strong><span style=\"font-size: 10pt\"><br \/>\n<\/span><\/strong><span style=\"font-size: 10pt\">License ID 02033257<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>###<\/em><\/strong><\/p>\n<p><strong><u>ABOUT LEE &amp; ASSOCIATES<br \/>\n<\/u><\/strong>Lee &amp; Associates \u2013 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\u2019 real estate needs in the local, national and international markets. For more information, visit\u00a0<a href=\"http:\/\/www.lee-pasadena.com\/\">lee-pasadena.com<\/a>.<\/p>\n<p><strong><em>###<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>January 2, 2025 (Pasadena, CA) \u2013 Lee &amp; Associates \u2013 Pasadena Principal,\u00a0David Chen\u00a0and \u00a0Associate,\u00a0Gregory Kho, represented the Buyer and the Seller in a sale and leaseback of 3223 Del Mar Ave, Rosemead, CA 91770. 3223 Del Mar Ave is a two story 6,484 sf property built in 1991, with 3 separate office\/medical office units. The Seller\u2019s built the office building themselves and have occupied the majority of the building, while generating rental income from the&#8230;<\/p>\n","protected":false},"author":197,"featured_media":3359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2],"tags":[581,582,595,586,241],"class_list":["post-3357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-press-releases","tag-commercial-real-estate","tag-cre","tag-ilovela","tag-investment-sale","tag-lee-associates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee &amp; Associates - Pasadena Successfully Closes 3223 Del Mar Avenue in Rosemead - Lee &amp; Associates Pasadena<\/title>\n<meta name=\"description\" content=\"Rosemead Medical Office Sold by Principal, David Chen and Associate, Greg Kho\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/pasadena\/2025\/01\/02\/lee-associates-pasadena-successfully-closes-3223-del-mar-avenue-in-rosemead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; 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