{"id":3632,"date":"2026-06-30T14:15:42","date_gmt":"2026-06-30T21:15:42","guid":{"rendered":"https:\/\/www.lee-associates.com\/pasadena\/?p=3632"},"modified":"2026-06-30T14:16:36","modified_gmt":"2026-06-30T21:16:36","slug":"5116-azusa-canyon-road-irwindale-sale","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/pasadena\/2026\/06\/30\/5116-azusa-canyon-road-irwindale-sale\/","title":{"rendered":"Lee &amp; Associates &#8211; Pasadena, Inc. Successfully Brokers Sale of Industrial Condominium in Irwindale, CA"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3634 size-medium alignleft\" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2026\/06\/IMG_1974-300x220.jpg\" alt=\"\" width=\"300\" height=\"220\" srcset=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2026\/06\/IMG_1974-300x220.jpg 300w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2026\/06\/IMG_1974-1024x750.jpg 1024w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2026\/06\/IMG_1974-768x563.jpg 768w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2026\/06\/IMG_1974-1536x1125.jpg 1536w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2026\/06\/IMG_1974-2048x1501.jpg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><strong><em>Pasadena, CA \u2013 June 30, 2026<\/em><\/strong><\/p>\n<p class=\"p1\" style=\"margin: 0in\"><span style=\"color: black\">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.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\" style=\"margin: 0in\"><span style=\"color: black\">Irwindale, Calif. \u2014 June 30, 2026 \u2014 Lee &amp; Associates &#8211; 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.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\" style=\"margin: 0in\"><span style=\"color: black\">The transaction was facilitated by <a href=\"https:\/\/www.lee-associates.com\/pasadena\/dan-bacani\/\">Dan Bacani<\/a>, Founding Principal at Lee &amp; Associates &#8211; Pasadena, Inc., who represented the buyer and seller, The Seredian Family LLC.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\" style=\"margin: 0in\"><span style=\"color: black\">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.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\" style=\"margin: 0in\"><span style=\"color: black\">\u201cInvestor and user demand for well-located industrial with reasonable 53\u2019 trailer access, ample power and 20\u2019 plus clear height continues to be exceptionally strong,\u201d said Mr. Bacani. \u201cThe transaction underscores the importance of our submarket across national borders as Avnan Capital reinforces its confidence by committing to Irwindale to expand its business.\u00a0\u00a0I am pleased to deliver an outstanding result for both parties.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\" style=\"margin: 0in\"><span style=\"color: black\">\u201cThe 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,\u201d Bacani added. \u201cI 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.\u201d\u00a0\u00a0\u00a0Ultimately, the seller decided to work with the existing tenant\u2019s parent company due to the positive relationship they had enjoyed as landlord and tenant.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\" style=\"margin: 0in\"><span style=\"color: black\">Lee &amp; Associates &#8211; 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<\/span>.<\/p>\n<table style=\"border-collapse: collapse;width: 93.4015%\">\n<tbody>\n<tr>\n<td style=\"width: 8.5602%\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-720 alignnone\" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2019\/02\/Dan-Bacani-1-277x300.png\" alt=\"\" width=\"210\" height=\"228\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 8.5602%\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\"><a href=\"https:\/\/www.lee-associates.com\/pasadena\/dan-bacani\/\">Dan Bacani<\/a><br \/>\nFounding Principal<br \/>\n<\/span><\/strong><span style=\"font-size: 10pt\">626.240.2781<br \/>\n<\/span><a href=\"mailto:dbacani@lee-associates.com\"><span style=\"font-size: 10pt\">dbacani@lee-associates.com<\/span><\/a><strong><span style=\"font-size: 10pt\"><br \/>\n<\/span><\/strong><span style=\"font-size: 10pt\">License ID 01385413<\/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, <a href=\"https:\/\/linktr.ee\/leeassociatespasadena?utm_source=ig&amp;utm_medium=social&amp;utm_content=link_in_bio&amp;fbclid=PAZXh0bgNhZW0CMTEAc3J0YwZhcHBfaWQMMjU2MjgxMDQwNTU4AAGnC51no7SI_X-3ufDM0gJ3A03XS_oEmHkBRteN58oU8HiauCHXN9lcn11Sd7c_aem_-jXLvd4lKOkFn_PYT8OIhw\">Follow Us!<\/a><\/p>\n<p><strong><em>###<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pasadena, CA \u2013 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. &nbsp; Irwindale, Calif. \u2014 June 30, 2026 \u2014 Lee &amp; Associates &#8211; 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&#8230;<\/p>\n","protected":false},"author":197,"featured_media":3633,"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-3632","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>Irwindale Industrial Condo Sells for $3.3 Million<\/title>\n<meta name=\"description\" content=\"Off-market sale of a 9,634 SF industrial condominium in Irwindale reflects strong demand for well-located San Gabriel Valley industrial real estate.\" \/>\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\/2026\/06\/30\/5116-azusa-canyon-road-irwindale-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; Associates - Pasadena, Inc. Successfully Brokers Sale of Industrial Condominium in Irwindale, CA\" \/>\n<meta property=\"og:description\" content=\"Off-market sale of a 9,634 SF industrial condominium in Irwindale reflects strong demand for well-located San Gabriel Valley industrial real estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/pasadena\/2026\/06\/30\/5116-azusa-canyon-road-irwindale-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates Pasadena\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-30T21:15:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-30T21:16:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2026\/06\/5116-Azusa-Canyon-Rd-PR-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2504\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Patrick Matutina\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Patrick Matutina\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/pasadena\\\/2026\\\/06\\\/30\\\/5116-azusa-canyon-road-irwindale-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/pasadena\\\/2026\\\/06\\\/30\\\/5116-azusa-canyon-road-irwindale-sale\\\/\"},\"author\":{\"name\":\"Patrick Matutina\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/pasadena\\\/#\\\/schema\\\/person\\\/11df74dc5e1b43bb60a49c388c1dfd14\"},\"headline\":\"Lee &amp; Associates &#8211; Pasadena, Inc. 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