Press Release brought to you by NAI Capital

NAI Capital Completes 26,000 SF Office Depot Sale in La Crescenta, CA

06/14/2018

Los Angeles, CA, June 14, 2018- Senior Vice President Dave Maron with NAI Capital’s Pasadena office represented the seller, a private investor, in the sale of a 26,000 SF Office Depot in La Crescenta, Calif. The total sale price was $8.5M or $327 per square foot.

The property is located at 3030 Foothill Blvd. It is a freestanding single-tenant retail building constructed in 1999. The project sits on a 42,236 square foot lot, in a central location, with excellent street visibility along Foothill Boulevard and access to the 210 Freeway.  At the time of the sale the property was 100% leased to Office Depot, Inc. a global supplier of office products and services headquartered in Boca Raton, Florida.

Dave Maron said, “The Office Depot building is a well-known property in the Burbank/Glendale/Pasadena marketplace. I originally represented the seller when they bought this property when it was built in 1999. This was an off market deal. The seller decided to sell, as Office Depot may or may not stay. There is one year left on the lease.”

About NAI Capital

NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.

NAI Capital Brokerage CA BRE #01990696.

To learn more, visit www.naicapital.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com.         

 

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Source

NAI Capital

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