“The buyer saw this as an opportune moment to invest in a great stabilized asset,” Garbutt said. “This property offered the buyer, who was in an exchange, stable cash flow with upside in the storage.”
Located at 1101 N. Azusa Ave., the property consists of a 20,529-square-foot multi-tenant auto/retail park and a 42,869-square-foot self storage facility.
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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.