Upscale Office Sold on Eastern Avenue in Bell Gardens
Office Sold in Greater Los Angeles Commercial Real Estate Market
6520 Eastern Avenue in Bell Gardens recently sold at asking price. The office sold represents a value purchase in the Greater Los Angeles Commercial Real Estate market. The price per square foot is much higher in the western part of the LA market, as well as central Los Angeles.
The property was listed at $1.8 Million for 6929 square feet which equates to only $259.77 per square foot of building. It’s a good deal for a quality office product that features 2 stories with office suites & street front units. The 12 year office building boasts top quality construction with beautiful touches such as crown molding, wood and tile flooring, wrought iron, and lots of glass. The upscale office building has an elevator and two ADA-compliant restrooms along with great signage opportunities on well travelled major street.
The sold office property sits on a 10,962 sq. ft. lot with a gated parking lot with covered and uncovered spaces. Located in the city of Bell Gardens, only 7 miles south of Downtown Los Angeles and just north of Downey. Torrance, Long Beach, and East LA are a short drive away with easy freeway access. Also, it is close to 710 and 5 Freeways.
Jon Varsano of Vars Real Estate and Dan Perlstein of Danco represented the seller. The owner/user buyer was represented by Sam Lichtig of Maxam Properties. For more info on how to purchase value-added and value priced commercial investment properties, please contact Jon Varsano of Vars Real Estate.