Victoria Business Park, Long Beach

June 17, 2019

Address:  Victoria Business Park, 105-161 W. Victoria Street, Long Beach

Description:  119,576 sq. ft. industrial park

Buyer:  Private Investor

Seller:  Granite Peak Partners

Assignment:  Develop and implement a marketing program for the disposition of an institutionally owned 119,576 sq. ft. multi-tenant business park.

Result:  Generated several offers to purchase and sold the project to a Los Angeles based private investor at a significant price. The purchase also involved the assumption of a $7.6 million CMBS loan. The Hefner Team assisted in every aspect of the transaction, including helping Buyer and Seller navigate a loan assumption process.

Total Value of the Transaction: $15,134,000