Lee & Associates Negotiates the Sale and Purchase of Office Property
COSTA MESA, Calif.—August 29, 2014—The Irvine and Newport offices of Lee & Associates, the largest broker-owned firm in the nation, has negotiated the $6.75 million sale and purchase of creative office property located at 3185-3189 Pullman Street in Costa Mesa.
Philip Cohen, a senior vice president of Lee & Associates Irvine, represented the buyer, RDM Properties, which purchased the 25,900 square-foot, three-unit complex. The building was listed by Brian Garbutt, senior vice president of Lee & Associates Irvine and Sean Ahern, a senior vice president of Lee & Associates Newport Beach. The property had multiple offers, however, the RDM was selected because of its exchange requirement and ability to assume in-place financing.
“The buyer got a tremendous creative office building which is high demand in Orange County at this time and if and when the tenants ever move out of their space he should be able to demand top of market rents” Says Garbutt.
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Celebrating more than 35 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 50 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With almost 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-associates.com. You can also follow us on Facebook, LinkedIn and Twitter.