Lee & Associates – Pasadena Successfully Closes 2917 West Temple Street in Los Angeles

July 6, 2024 (Pasadena, CA) – Lee & Associates – Pasadena

Founding Principal, Colleen Carey, successfully closed the sale of 2917 West Temple Street, in Los Angeles for $2,700,000. This owner-user state-of-the-art turnkey office building features 4,500 square feet, lightning-fast fiber optic internet, media equipped conference room, robust security system with cameras and controlled access, along with a solar panel system on the roof. The location of the property was highly strategic and very ideal for the buyer.

 

While the main motivation for the buyer was due to growing out of existing leased location, (lease was about to expire), the seller also found motivation in monetizing the asset and repositioning their portfolio.  Some of the challenges faced were a tight 30-day escrow, SBA financed transaction, with multiple decision makers.

 

“While a relatively clean transaction from a property standpoint, both sides worked diligently together to achieve agreeable deal points and meet tight deadlines, coordinating among multiple stakeholders, and closed early to meet the Seller’s requirement.” Explains Colleen Carey.

 

Colleen Carey Principal 626.240.2782 ccarey@lee-associates.com License ID 01258120

 

 

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ABOUT LEE & ASSOCIATES
Lee & Associates – 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’ real estate needs in the local, national and international markets. For more information, visit lee-pasadena.com.

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