{"id":72,"date":"2018-04-17T18:18:02","date_gmt":"2018-04-18T01:18:02","guid":{"rendered":"https:\/\/www.lee-associates.com\/pasadena\/?p=72"},"modified":"2019-03-28T16:18:52","modified_gmt":"2019-03-28T23:18:52","slug":"lee-associates-pasadena-completes-sale-for-7-025-mil-investment-property","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/pasadena\/2018\/04\/17\/lee-associates-pasadena-completes-sale-for-7-025-mil-investment-property\/","title":{"rendered":"Lee &amp; Associates Pasadena Completes Sale for $7.025 Mil Investment Property"},"content":{"rendered":"<p><strong>PASADENA, CA<\/strong>\u00a0\u2013 July 2017 \u2013 The Pasadena office of Lee &amp; Associates\u00a0has closed a $7,025,000 sales transaction at 6.46% cap rate for the Quadrangle Building, which consists of a rare single-story, Class B, multi-tenant garden style office building totaling 54,219-square-feet located at 5900 S. Eastern Avenue in Commerce, Calif.<\/p>\n<p><a href=\"https:\/\/s3.amazonaws.com\/buildout-production\/users\/21810\/bio.pdf?1522703735\">Christopher Larimore<\/a>\u00a0of Lee &amp; Associates Pasadena and <a href=\"https:\/\/www.lee-associates.com\/people\/?terms=smith&amp;broker=16122\">Dave Smith<\/a> of Lee &amp; Associates Irvine successfully represented the seller Quadrangle Building, LLC. Christopher Larimore and <a href=\"https:\/\/s3.amazonaws.com\/buildout-production\/users\/21811\/bio.pdf?1522703763\">Vincent Molitor<\/a>\u00a0of Lee &amp; Associates Pasadena represented the buyer Quest Realty Group.<\/p>\n<p>Lee &amp; Associates Pasadena worked in conjunction with Lee &amp; Associates Irvine to procure a buyer through their investor network. Quest Realty Group was motivated by the value-add potential of the property and bought it with the intention of holding the building long term. A part of the appeal was the rare construction of a single-story office building with direct suite entrances, close proximity to Downtown Los Angeles and its creative interior office space.<\/p>\n<p>Lee &amp; Associates Pasadena was retained to lease the property for the new owner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PASADENA, CA\u00a0\u2013 July 2017 \u2013 The Pasadena office of Lee &amp; Associates\u00a0has closed a $7,025,000 sales transaction at 6.46% cap rate for the Quadrangle Building, which consists of a rare single-story, Class B, multi-tenant garden style office building totaling 54,219-square-feet located at 5900 S. Eastern Avenue in Commerce, Calif. Christopher Larimore\u00a0of Lee &amp; Associates Pasadena and Dave Smith of Lee &amp; Associates Irvine successfully represented the seller Quadrangle Building, LLC. Christopher Larimore and Vincent Molitor\u00a0of&#8230;<\/p>\n","protected":false},"author":72,"featured_media":1365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-72","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"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 Completes Sale for $7.025 Mil Investment Property - Lee &amp; Associates Pasadena<\/title>\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\/2018\/04\/17\/lee-associates-pasadena-completes-sale-for-7-025-mil-investment-property\/\" \/>\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 Completes Sale for $7.025 Mil Investment Property\" \/>\n<meta property=\"og:description\" content=\"PASADENA, CA\u00a0\u2013 July 2017 \u2013 The Pasadena office of Lee &amp; Associates\u00a0has closed a $7,025,000 sales transaction at 6.46% cap rate for the Quadrangle Building, which consists of a rare single-story, Class B, multi-tenant garden style office building totaling 54,219-square-feet located at 5900 S. Eastern Avenue in Commerce, Calif. Christopher Larimore\u00a0of Lee &amp; Associates Pasadena and Dave Smith of Lee &amp; Associates Irvine successfully represented the seller Quadrangle Building, LLC. Christopher Larimore and Vincent Molitor\u00a0of...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/pasadena\/2018\/04\/17\/lee-associates-pasadena-completes-sale-for-7-025-mil-investment-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates Pasadena\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-18T01:18:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-28T23:18:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2019\/03\/Sold-5900Eastern.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"876\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kimberly Barbata\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kimberly Barbata\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/pasadena\\\/2018\\\/04\\\/17\\\/lee-associates-pasadena-completes-sale-for-7-025-mil-investment-property\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/pasadena\\\/2018\\\/04\\\/17\\\/lee-associates-pasadena-completes-sale-for-7-025-mil-investment-property\\\/\"},\"author\":{\"name\":\"Kimberly Barbata\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/pasadena\\\/#\\\/schema\\\/person\\\/39c73333ee18b51e98f4bbeb3385ccb5\"},\"headline\":\"Lee &amp; 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