MONTEBELLO, Calif. – March 18, 2014 – (RealEstateRama) — Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered a $7.5 million industrial sale in Montebello, Calif.
Michael Tsaparian, senior vice president, and Peter Bacci, executive vice president, both with Lee & Associates’ Commerce office, represented the seller, TEAC America. Gregory Stanton and John Hillman of CBRE, along with Paul Sablock of Jones Lang LaSalle, represented the buyer, Brimel, LLC.
“This highly sought-after property, which offers prime visibility along Interstate-5, boasts both industrial and retail potential and offers a convenient proximity to other major freeways, making it an ideal site for industrial-minded buyers,” said Bacci. “Real estate in the central Los Angeles marketplace is closely held, so any opportunity to acquire a property is a good acquisition.”
Located at 7733 Telegraph Rd., the 79,055-square-foot property was built in 1964 before being remodeled in 1996.
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.