NAI Capital Completes Sale of 34,848 SF Mixed-Use Redevelopment Site in Cypress, CA
Los Angeles, CA, May 15, 2018– Senior Vice President Tina LaMonica with NAI Capital’s Pasadena office completed the sale of a 34,848 square foot mixed-use development site in Cypress, California. LaMonica represented the buyer, Shreeji Investment, LLC. The seller was Geo Dynamic LLC. The total sale price was $2,387,000, or approximately $68.50 per square foot.
The property is located at 6072 and 6076 Lincoln, in the city of Cypress in northern Orange County. The property is within walking distance to Cypress College, minutes to downtown Buena Park, and near the 91, 22, 5, 605, and 405 Freeways for easy access to Orange County, Los Angeles County, or Riverside County. A myriad of shopping and entertaining amenities surround the site.
LaMonica said, “This is a great opportunity for my client. Demand for land in high-dense urban areas of the Orange County is strong and supply is limited. Once re-developed, this property will go up in value significantly.”
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.
# # #