Huntington Park, CA – January 4, 2022 – Senior Vice President Andrew Ghassemi of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an Industrial building located in the City of Huntington Park, California.
Spectrum CRE™ represented the Buyer in the transaction.
This freestanding 7,089 square foot manufacturing/warehouse is located at 2438 East 55th Street, in the City of Huntington Park, situated on a M2 zoned lot. The property features two beautifully renovated offices with a bonus mezzanine, a warehouse with exposed wood beams, and multiple ground level loading doors.
The industrial market has seen an influx in demand since the pandemic. With high demand and low supply, finding an industrial space can be challenging, but Andrew Ghassemi was able to negotiate a fair price for his client and close the deal.
“Lack of desirable properties in the Valley forced my client to consider other areas and I’m thrilled to have been able to locate this art deco style property to meet their expanding requirements.
The Buyer intends to further restore the building to its original 1925 glory.”, Ghassemi said of the deal.
This industrial building sold for $1,945,000.00.
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About Spectrum Commercial Real Estate, Inc.
Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity and property management. For more information, visit www.Spectrumcre.com