Brea, CA - Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $4 million sales transaction for a 45,560-square-foot industrial building located at 1425 Moonstone Street in Brea, Calif.
Luke Hudson and Scott Seal of Lee & Associates' Orange office represented the buyer, Nail Harmony. Tom Dorman of CB Richard Ellis and Ian Britton and Colliers International represented the seller, Cohen Asset Management.
"The dynamics of this sale were incredible and it completely firms up the notion of a sound business, in a growing phase, capitalizing on the current economics," said Hudson. "Our client was in a position to purchase two adjacent, above standard industrial buildings at pricing points of 2003. Although we're experiencing a recent shake up in buyer's confidence due to the market volatility, we are still finding motivated buyers and sellers in the market."
About Lee & Associates
Celebrating more than 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.
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