Office Market Group Pasadena Completes 3 Sales for $8.27 million

COVINA AND WEST COVINA, CA – Christopher Larimore and Vincent Molitor of Office Market Group Pasadena at Lee & Associates Pasadena successfully sold three commercial office buildings in the cities of Covina and West Covina located in the San Gabriel Valley of Los Angeles County in the last quarters of 2018. All properties are two-story, freestanding, multi-tenant office buildings in good condition with ample parking available.

“Smart sellers are taking advantage of this market and selling their holdings to the large pool of buyers in need of quality multi-tenant office buildings,” said Christopher Larimore. “The Covina-West Covina submarket is an untapped market for well-positioned office buildings with easy freeway access and located within a great demographic area with a strong labor pool.”

		Paul and Ronda Forgette sold Hollenbeck Office Center, a 25,750-square-foot office building located at 2149-2155 E. Garvey Avenue S. in West Covina for $4,010,000 to a private investor. Mr. Larimore represented the seller, and Mr. Molitor represented the buyer, Quest Realty Group.
		Heidarian Kamran Trust sold its 15,086-square-foot office building located at 1074 Park View Drive in Covina for $2,750,000 to an owner-user. Mr. Larimore, Mr. Molitor and Jamie Harrison represented the seller. The buyer, PC Investment Inc. was represented by Kelvin Chen from Keller Williams Chino.
		The Law Offices of Crawford and Bangs sold its 6,482-square-foot office building located at 1290 Center Court Drive in Covina for $1,510,306 to an owner-user. Mr. Larimore and Mr. Molitor represented the seller, and the buyer, Center Court Management, LLC was represented by Todd Launchbaugh of Lee & Associates Ontario.